The post requires extensive study of accounts, business studies and the company laws
Holding a senior position in the company management, a company secretary provides effective administration and ensures compliance to statuary as well as regulatory needs of the organization. Indeed, the prime duty of the Company secretary professionals is that they need to check and make sure that the board of directors of a company act as per company laws. With such an important role to play, the company secretary jobs are becoming hot favourite in the market these days. In fact, this post requires extensive study of accounts, business studies and the company laws that makes up a good company secretary.
The best part of applying for such a job is that it yields a golden career
Well, the best part of applying for such a job is that it yields a golden career. By this, it means that the applicants are having a wonderful option ahead to make it to their favorite company. When it comes to applying for these jobs, selecting the suitable job offering websites is mandatory. Indeed, this mandates for carrying out extensive research because of the fact that it deals with augmenting their chance to enter top-notch business houses. It is a well-known fact that accounting tasks and Company Secretary law enforcement procedures are becoming essential for every company which stand as the strong base for jobs associated with company secretaries.
Seeking membership in a job-providing website may be a good idea
These job-providing websites ensure that the suitable candidates get the place that they have prepared and desired for. On these websites, the applicants can avail excellent services by taking memberships that are categorized from bronze, silver to gold. This states that the variety of services is essential to take up for brightening the chance of getting high paid jobs. Generally speaking, the CS jobs (company secretary) allow the professionals to earn a handsome salary which is considered quiet a respectable amount. This is the reason that candidates work hard to gain the best of jobs prevalent in the town.
A company secretary degree in hand will definitely land you in the most favourable companies
If a person is willing to get the job of a company secretary; then he or she should acquire a post graduation degree in the same field. Having such a strong background to apply for the CS job will definitely land the person in the most favourable companies that always wish to hire professionals with excellent knowledge of company procedures and laws. However, the applicant is required to pass a written examination, followed by the verbal interview to get selected.
The Company Secretary's Duties Liabilities
A few days ago, I received an inquiry from a few working girls who wanted to venture into some business. They wanted to find out about information about setting up a private limited company or Sdn Bhd. One very interesting question from them was "Why do we need a Company Secretary?"
From that moment on, I am pretty sure many people out there are very curious about the same question and here, I would like to share with you, the duties and responsibilities.
The Corporate Secretary
Every limited company must have a minimum of one Company Secretary, according to Section 139 of the Companies Act, 1965. The its appointment is decided by the directors of the company.
To qualify as a Company Secretary, he or she must be either a member of a professional body approved by the Ministry, or a licensed secretary granted by the SSM. Further, the person must not be a bankrupt and is not convicted of any offence under Section 130 (1) of the Companies Act.
Statutory duties of a Company Secretary
His/her statutory duties as required by the Companies Act are generally as follows:-
- Has to be present at all company meetings and recording minutes of the meeting. In this context, company meetings are mainly referred to directors' and shareholders' meetings. Operational meetings do not require a company secretary's attendance.
2. Keep and maintain all the statutory books and records of the company, ie. Minutes book, register book, share register etc.
3. Ensure proper filing of all necessary returns with SSM such as annual return, forms etc.
4. Issue notices of meetings to shareholders as directed by the board of directors.
5. Process share transfers documentations and recordings.
6. Countersign essential company documents and certifying documents for certain matters such as banking matters etc.
7. Ensure safe custody of company seal.
Liabilities of a Company Secretary
Given the fact that a company secretary is an officer of a company, same as the directors, he or she has fiduciary duties to perform for the company. He or she is requires to act honestly and in good faith.
He/she is personally liable to criminal charges is he or she commits wrongful acts, and can also be penalized with a fine. Wrongful act is as simple as failure to lodge the annual return to SSM.
