In case of a public company, its Company Secretary must be either a member of the Institute of Chartered Secretaries and Administrators; a Legal Practitioner; a member of the Institute of the Chartered Accountants of Nigeria or such other bodies of accountants as are established from time to time by an Act; any person …
Who can act as company secretary?
The secretary of a private limited company can be an individual person, including a director or shareholder. This role can also be held by another company or organisation, the firm’s accountant or solicitor, a professional chartered secretary, or a company that provides administrative services.
Who is qualified to be a company secretary in Nigeria?
a legal practitioner; a member of Chartered Accountants of Nigeria; a person who has held the office of the company secretary of a public company for at least three years of the five years immediately preceding the appointment; or.
What are the qualifications of a company secretary?
A Company Secretary should also possess the following special qualifications:
- Knowledge of Company Law: …
- Knowledge of Mercantile Law: …
- Knowledge of Economics: …
- General Knowledge: …
- The Secretary must be smart, unbiased, and must have high IQ, presence of mind and amiable personality.
Can a non lawyer be a company secretary?
So, does your corporate secretary need to be lawyer? Technically, no, however if a Board likes the idea of knowing its interests are well-protected at meetings and outside meetings, all biases aside, it’s a very good idea to appoint a lawyer as the corporate secretary.
What is the salary of a CS?
Pay Scale/Salary of Company Secretary (CS)
|Job Profile||Starting Salary per annum (in INR)||Senior Level Salary per annum (In INR)|
|Company Secretary||Rs. 3,00,000||Rs. 9,00,000 – 12,00,000|
|Legal Advisor||Rs. 3,00,000||Rs. 10,00,000|
|Principal Secretary||Rs. 3,00,000||Rs. 9,00,000 – 12,00,000|
Can I remove a company secretary?
There is no legal requirement for a private limited company to have a company secretary, unless the articles of association expressly state that one must be appointed. … If there is no such provision in the articles, you can choose to appoint or remove a company secretary whenever you like.
What is the position 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. Despite the name, the role is not clerical or secretarial.
What is the status of a company secretary?
(1) He is an employee of the company as he is appointed to do ministerial and administrative duties. (2) As an employee he holds a high rank as he has to do administrative duties and the Board of Directors may act according to his directions or instructions.
Does a company secretary need any qualifications?
Whilst company secretaries in private companies are not required to have any formal qualifications or the necessary professional experience, the Companies Act 2006 demands company secretaries of public companies to have a formal accreditation.
How much percentage is required for CS?
50% in 12th standard is required for cs exam. In 12th standard you should have physics, chemistry and maths as your optional subjects. Then you are eligible for applying for cs examination.
Which degree is best for CS?
When wondering what degree to get for an IT job, you should definitely consider these seven popular computer degrees:
- Information Technology and Information Systems.
- Computer Science.
- Information Science.
- Systems & Network Administration.
- Software Engineering.
- Computer Engineering.
How many exams are there in CS?
The Company Secretary exam has 3 levels of exams, including 8- months Foundation Programme, Executive Programme, and Professional Programme. The minimum CS Program duration is 2.5 years for graduates and 3.5 years for those with 10+2.
Do you have to be a lawyer to be a corporate secretary?
Many corporate secretaries are lawyers and some serve as their company’s General Counsel or in another legal position with responsibility for advising on legal matters. But while a legal background is helpful when carrying out the duties of the secretary, it is not required.
Can a director act as company secretary?
Yes, ofcourse a Director can be a Company Secretary of the Company. Secondly in case of 3 director, also he can be the Company Secretary.