The Role of Company Secretary is of Statutory and Advisory nature. In another words, he/she has set of responsibilities assigned by laws of India as Company law and corporate governance specialist, Secretarial auditor, FEMA specialist, Key Managerial Person in corporate. Every company with more than Rs. 2 crore paid up capital need to obtain Compliance certificate and bigger company with some threshold need to undergo Secretarial audit by practicing company secretary.Every company with more than Rs. 2 crore paid up capital shall also employee one full time practice CS in the company. The responsibility of proper maintenance of company law transactions, adherence to FEMA procedure, conducting proper board meeting and shareholders meeting is on the shoulders of Company secretary. CS is always appointed by the Board of company and it is the only role through which one can get direct access to the Board. He/she earns lots of respect and attention from the Board/management of the company.
Company Secretary has very wider scope in practice. CS can do the following - i) Incorporation of company/entities ii) Registrations under various laws iii) Issue of compliance certificate iv) Secretarial audits v) Filing of various forms under Companies Act and FEMA vi) Secretarial record maintenance vii) Corporate Governance Advisor viii) Insolvency practice ix) Valuer x) Liquidator etc. For further information on this, we would suggest to contact director of SuccessEdge who provides best coaching for cs course in Bangalore with proven results every year.