Question: Is A Company Secretary The Same As A Director?

Can you have 2 Managing Directors?

A company can appoint 2 or more directors, but there can only be one managing director.

If the shareholders want to give equal positioning, both can become executive directors of the company and no MD.

Managing Director: As per section 2(54) of Companies Act, 2013..

Is Company Secretary easy?

CS is Easy Than CA. This May Be True for Some Student and May be Wrong for Some Students. Easy and Tough Totally Depends on upon Person to Person. Few Likes Practical Part a Lot and Few Likes Theoretical parts doesn’t Mean That CS is Easier Than CA.

Who is a practicing company secretary?

Section 2(25) of the Companies Act, 2013 defines the term “company secretary in practice” which means a company secretary who is deemed to be in practice under sub-section (2) of section 2 of the Company Secretaries Act, 1980.

Does a company secretary have to sign accounts?

Signature of Agent whether Signature of company Signature of the Company Secretary on behalf of the Company can only hold the Company liable in case of misrepresentations. So, if the Company Secretary is authorized to sign, then company is bound.

What is the difference between a company secretary and a director?

Directors are appointed by members (shareholders and guarantors) to run and manage the day-to-day operations of the business. Secretaries are optional for private companies, but not public companies. They are usually appointed to assist directors with important administrative tasks.

Is a company secretary a director UK?

Company secretaries You do not need a company secretary for a private limited company. Some companies use them to take on some of the director’s responsibilities. The company secretary can be a director but cannot be: the company’s auditor.

Who is higher than managing director?

Managing directors have the highest rank within the company and have the authority to fire the executive director. If the company lacks a managing director or CEO, the executive director takes the spot as the highest-ranking company official.

Can a company secretary be a director in same company?

A person can be director in one company and employee in other company. There is no provision in Companies Act, 2013 that prohibits the same. … Thus a company secretary can be appointed as an executive director of other company.

Is CS a good career?

Apart from the duties, the CS can expect good pay of 25,000 to 40,000 per month in any Indian company. Starting a career as a Company Secretary brings many Duties & Responsibilities and apart from this, they play a significant role in company reputation as they handle legal matters.

What does a company secretary do UK?

A company secretary is responsible for ensuring the smooth administration of the company. They usually assume responsibility for the following important areas: compliance with corporate governance and other financial and legal regulations; management of shareholder administration and communication; and sometimes.

What is the position of company secretary?

Company secretary responsibilities typically include: Coordinating the production, publication and distribution of company accounts and reports. Communicating on behalf of the company with shareholders, regulatory bodies and stock exchanges. Ensuring company compliance with relevant laws and regulations.

Is a company secretary necessary?

Under the Companies Act 2006 there is no longer a requirement to appoint a company secretary. The majority of companies we register do not have a secretary appointed. Many companies just have one director appointed. If you adopt the model articles when forming a company then you can omit the role of company secretary.

Do you have to be a director to be a company secretary?

The company secretary is normally appointed by the directors You do not need formal qualifications to act as company secretary to a private company. … In many smaller private companies, the company secretary is also a director.

Who is the company secretary and what are the duties of company secretary?

The company secretary is responsible for the efficient administration of a company, particularly with regard to ensuring compliance with statutory and regulatory requirements and for ensuring that decisions of the board of directors are implemented.

Who is more powerful CEO or MD?

Both Chief Executive Officer vs Managing Director is a topmost and important position in the organization. … CEO leads the management of the company while MD is lead by Chairman of the Board. CEO is focused on future-oriented goals whereas MD handles day to day operations of the company.

Who comes after managing director?

The top of most management teams has at least a Chief Executive Officer (CEO), a Chief Financial Officer (CFO), and a Chief Operations Officer (COO).

How do I become a CS?

To become a CS, you have to pass rigorous exams conducted by ICSI during the three-year course. Remember, only those certified by ICSI get high-paid jobs as Company Secretary. No other organization in India is permitted by law to confer the coveted Company Secretary certification. ICSI has headquarters in New Delhi.

What are the subjects in company secretary?

Company Secretary (CS) SyllabusEnglish and Business Communication.Financial Accounting.Economics and Statistics.Elements of Business Laws and Management.

Who Cannot be a company secretary?

Directors must make sure that the person they appoint as company secretary has the skill to carry out their legal and other duties. Who cannot be a company secretary? a restricted person – this is a person who fails to satisfy the court that they acted honestly and responsibly in relation to an insolvent company.

How much a company secretary earns in India?

Pay Scale/Salary of Company Secretary (CS)Job ProfileStarting Salary per annum (in INR)Mid Level Salary per annum (in INR)Company SecretaryRs. 3,00,000Rs. 6,00,000Legal AdvisorRs. 3,00,000Rs. 4,00,000 – 5,00,000Principal SecretaryRs. 3,00,000Rs. 6,00,000

Which companies are required to appoint company secretary?

The Corporate Affairs Ministry (MCA) has brought clarity into the appointment of company secretaries by private companies. It has now stipulated that all private companies with a paid-up capital of ₹10 crore or above should have a whole-time company secretary.