A company secretary plays a crucial role in ensuring a company adheres to legal and regulatory requirements, as well as good corporate governance practices. They act as a key advisor to the board of directors, managing compliance, communication, and the overall administration of the company's affairs.
Key Responsibilities:
Ensuring Compliance:
Company secretaries are responsible for making sure the company complies with all relevant laws, regulations, and the company's own articles of association.
Corporate Governance:
They advise the board on governance matters, including best practices and any potential conflicts of interest.
Board and Committee Support:
This includes preparing agendas, taking minutes, and ensuring all necessary documentation is circulated for board and committee meetings.
Statutory Compliance:
They maintain statutory registers (like the register of members and directors), manage filings with relevant authorities (like the Registrar of Companies), and handle share transfers and other corporate actions.
Communication and Liaison:
Company secretaries act as a point of contact for external stakeholders, including regulators, auditors, and legal advisors.
Risk Management:
They help identify and mitigate risks related to compliance, corporate governance, and other areas.
Strategic Advice:
In some cases, company secretaries may also provide strategic advice to the board, drawing on their knowledge of legal and regulatory requirements.
Record Keeping:
They are responsible for maintaining accurate and up-to-date company records, including minutes of meetings, resolutions, and other important documents.
Annual General Meetings:
They organize and manage the annual general meeting (AGM), including preparing notices, agendas, and relevant documents.
Essential Skills:
Legal and Regulatory Knowledge:
A strong understanding of company law, corporate governance principles, and other relevant regulations is crucial.
Communication and Interpersonal Skills:
The ability to communicate effectively with the board, management, and external stakeholders is essential.
Organizational and Time Management Skills:
Company secretaries must be highly organized and able to manage multiple tasks and deadlines effectively.
Attention to Detail:
Accuracy and attention to detail are critical in maintaining records, preparing documents, and ensuring compliance.
Discretion and Confidentiality:
They often handle sensitive information and must maintain confidentiality.
Problem-Solving Skills:
Company secretaries need to be able to identify and resolve issues related to compliance, governance, and other areas.
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