Tuesday, June 26, 2012

The procedure regarding the appointment of a company secretary

Hello dear friends here you will get The procedure regarding the appointment of a company secretary. For public limited companies appointment of secretary is made compulsory by the companies act. A company secretary can be appointed by the following ways: Business communication degree solutions.

1. By Promoters: To accomplish the promotional work of the company the promoters appoint the first secretary of the company. The name of the first secretary is mentioned in the articles of association of the company. The board of directors ratified the appointment of the first secretary at the first meeting of board of directors (after the incorporation) with retrospective effect from the date of appointment.

2. By the first board of directors: The company secretary can be appointed by the directors at the first meeting of the board of directors. Whether the first secretary will be removed or reappointed, completely depends on the opinion of the members of board of directors.

3. From the directors: The board of directors (BOD) can appoint a director as the secretary of the company.

4. Professional secretary: The board of directors can appoint a professional secretary as the ‘secretary’ of the company. An agreement mentioning terms and condition of the service is signed between the company and the person appointed as the secretary of the company.

These are the different methods followed for appointing the company secretary.