Right and power of a company secretary

Right and power of a company secretary

Hello dear frinds here you will get The right and power of a Company Secretary, Company Secretary Right, Company Secretary Power. Depending on the companies Act and condition of the agreement, rights of a company secretary can be classified into following types:
Business communication degree solutions
(A) Consequential rights
(B) Contractual rights
(C) Rights recognized by the companies Act.

(A) Consequential rights: Consequential rights of a company secretary are as follows: Business communication degree solutions
1. Control office functions: As the principal officer of the company the secretary has the right to control the office functions.

2. Negotiation: A company secretary also has the right to negotiate with third party on company affairs.

3. Sign contracts: As the agent of the company secretary can sign agreements or contracts.

4. Sign documents: As an important administrative officer the secretary of the company has the right to sign in the documents of the company.

5. Remuneration: A company secretary deserves logical remuneration from the company.

(B) Contractual rights: Contractual rights derive from the agreement between the company and the secretary. On the basis of the agreement the secretary can enjoy the following fights: Business communication degree solutions

1. Authority: On the basis of the agreement company secretary can exercise specific authority.

2. Implementation of agreement: Company secretary can implement the agreement by which he is appointed.

3. Termination of agreement: As per provision of the agreement the secretary has the right to terminate the agreement.

(C) Rights recognized by the companies act: Rights recognized by the companies act are as follows: Business communication degree solutions

1. Commencement of business: As per companies act the secretary has the right to sign the declaration of the commencement of business.

2. Sign annual return: Within 60 days of the Annual General Meeting (AGM) the company secretary has the right to sign Annual return of the company.

3. Making statements: On behalf of the company the secretary can make statements.

4. Preferential creditor: If the company goes to liquidation then the secretary can claim his/her dues prior to others.

5. Attend in the meeting: The secretary also enjoy the right to attend in the meetings of the company.

6. Declaration of solvency: In case of voluntary winding-up the company secretary has the right to sign the declaration of solvency.

Right and power of a company secretary

Hello dear friends thanks for visiting this site and post. Business communication degree solutions. Friend if you like this Right and power of a company secretary article then do comments and share. Friends you will get another supper related post "The functions or duties of a company secretary".

The functions or duties of a company secretary

The functions or duties of a company secretary

Hello dear friends here you will get the functions or duties of a company secretary. Friends you also get anther article about How a company secretary can be removed from this post? As an important person of the company a secretary has to perform various functions. Even before the incorporation of the company a secretary is appointed to conduct the promotional activates regarding the formation of the company.

The function or duties of a company secretary can be discussed in the following manner:
(A) Pre-incorporation functions
(B) Post-incorporation function
(C) Routine functions

(A) Pre-Incorporation function: Functions performed by the first secretary of a company before the incorporation of the company is known as the pre-incorporation functions. Generally following activates performed in pre-incorporation stage:
1. Functions regarding the registration of the company.
2. Drafting articles of association.
3. Drafting articles of association.
4. Collecting certificate of incorporation form the registrar of the companies.
5. Conducting meeting among the promoters.

(B) Post-incorporation Functions: Following functions are accomplished by a company secretary after the incorporation of the company:
1. Arranging the meeting of the board of directors.
2. Collection of the certificate of commencement.
3. Arranging the statutory meeting of the company.
4. Preparation of statutory report etc.

(C) Routine functions: Routine functions of a company secretary can be classified into following categories:
1. Functions relating to shareholders:
i. Circulation of the prospectus.
ii. Receiving application for shares.
iii. Checking applications
iv. Making calls and taking initiative to collect calls-in arrears.
v. Distribution of share certificates.
vi. Informing the shareholders regarding meeting by notice.
vii. Declaration of dividend.

2. Functions regarding directors:
i. Arranging the meetings of board of directors (BOD)
ii. Preparation of minutes
iii. Implement the decisions of the Board meeting.
iv. Informing relevant matters to the BOD.

3. Functions regarding the meetings of the company:
i. Arranging different types of meetings.
ii. Preparation of agenda of meeting.
iii. Providing notice to the members
iv. Assist to run the meeting.
v. preparation of the minute book.
vi. Informing the members regarding the resolution passed in the meeting.

4. Advisory functions:
i. Providing relevant information to the top management to assist routine administrative functions.
ii. Assist policy formulation.
iii. Provide advice on the raising of funds
iv. Provide direction for negotiating third parties.
v. Assist in drafting agreement.

5. Liaison functions: Besides the above specific functions a company secretary maintain link among the concerned parties of the company. A company secretary in treated as the principal liaison officer of the company.

The functions or duties of a company secretary

How a company secretary can be removed from this post?

How a company secretary can be removed from this post?

Hello dear friends here you will get The removal procedure of a company secretary,How a company secretary can be removed from this post?Like any other employee of the company the ‘secretary’ can also be removed under specific grounds. For removal of a secretary prescribed procedure is followed. Business Communication Degree Solution.

For the following reasons a company secretary can be removed:
1. Disqualification: If it is proved that the secretary is not properly qualified to conduct his/her duties then such a secretary can be removed.

2. Disobedience: If a company secretary failed to work in compliance with the direction of the board of directors then he/she can be removed from the post on the ground of disobedience.

3. Negligence: on the ground of negligence to statutory duties a company secretary can be removed.

4. Moral disorder: If any moral disorder of the company secretary is identified then his/her service can be terminated.

5. Disablement: A company secretary also can be removed for any permanent disablement.

6. Winding-up of the company: the service of the secretary will automatically terminated if the company starts to wind-up.

How a company secretary can be removed from this post?

Hello dear friends thanks for visiting this site and post. Business communication degree solutions. Friend if you like this The procedure regarding the appointment of a company secretary article then do comments and share. Friends you will get another supper related post "The procedure regarding the appointment of a company secretary".

Qualifications of a company secretary

Qualifications of a company secretary

Hello dear friends here you will get Qualifications of a company secretary or Requirements of a company secretary. A company secretary must have qualifications prescribed in the companies Act and also should achieve required attributes to perform the functions of a secretary.

Qualifications of a company secretary can be divided into two categories:
(A) General qualifications
(B) Professional qualifications

(A) General qualifications: To perform the important functions of a secretary one should have the following general qualifications:

1. Attentive: A company secretary must be attentive and good listener.

2. Adaptability: Another important attribute of a company secretary is adaptation power. To ensure the interest of the company the company secretary need to adopt with different situation.

3. Boldness: To perform his/her duty and to uphold the interest of the company, a company secretary needs to have boldness. Boldness is specially required in negotiating with third parties.

4. Careful: In performing the duties a company secretary needs to be careful.

5. Cooperative: A company secretary is treated as the principal liaison officer, thus to ensure desired coordination among the concerned parties he/she must be cooperative.

6. Polite: for better acceptance and successful public relation a company secretary should be polite in nature.

7. Punctuality: A company secretary also should be punctual.

8. Responsible: As a company secretary one has to perform various important functions. The interest of the company can be hampered if any irresponsible step taken by the company secretary. Thus responsibility is an indispensable step taken by the company secretary. Thus responsibility is an indispensable attribute of a company secretary.

9. Reliable: another major quality of a company secretary is reliability.

10. Honesty: Last of all, but not the least, a company secretary must be honest. Other qualifications can be meaningless without honesty.

(B) Professional Qualifications: Besides the discussed general qualifications a company secretary must possess some professional qualifications to run the office of secretary. Professional qualifications can be listed as follows:

1. Required educational qualification: A company secretary must have educational qualification as required by the company. Besides qualification in business education a company secretary also need to have qualification on secretarial science.

2. Efficiency in shorthand: To take dictation and to maintain the minute book a company secretary must be efficient in shorthand.

3. Efficiency in typing: A company secretary need to type different official documents on a regular basis, thus he/she also should be efficient in typing.

4. Efficiency in computer operation: In modern days a company secretary has to handle computer to receive and to send messages thus efficiency in computer operations has become an indispensable quality of a company secretary.

5. Proficiency in language: To communicate with the external parties and to maintain routine communication a company secretary must have proficiency in written and spoken form of language. Besides the own language a company secretary need to have proficiency in English language.

6. Knowledge regarding the company affairs: As a company secretary one should have detail knowledge on the company affairs.

7. Knowledge regarding company law: Knowledge regarding company law is treated as a ‘sine-qua-non’ for a company secretary. To conduct the routine functions and to maintain the proceedings of a meeting a company secretary must have in-depth knowledge of company law.

8. Knowledge of other laws: A company secretary also should have sound knowledge regarding contact law, Insurance Act. And other laws relating to the affairs of the company.

9. Efficiency in arranging meeting: As the secretary of a company one has to arrange different types of meeting on a regular basis throughout his/her tenure of service. Thus detail knowledge regarding the holding of meetings must be possessed by the company secretary.

10. Efficiency in office management: A company secretary also should have knowledge of office management.

11. Efficiency in Accounting and finance: To handle the company affairs a company secretary must have efficiency in Accounting and finance.

To be a successful company secretary one should have a clear concept regarding the very ‘nature of business’ of the company.

Qualifications of a company secretary

Hello dear friends thanks for visiting this site and post. Negosyo. Friend if you like this Qualifications of a company secretary this article then do comments and share. Friends you will get another supper related post "Evaluate the legal position of a company secretary".

How the interviewees take preparation for the interview?

How the interviewees take preparation for the interview?

Hello dear friends here you will get how the interviewees take preparation for the interview? What are the guidelines or checklist for interviewer? Kung paano ang interviewees paghahanda para sa pakikipanayam?Friends I have written an article The guidelines for interviewee last day.

Though the interviewee has almost no control over the interview but the or she has something to do to make the interview successful Prof. Lesikar and pettit suggested five guidelines for the interviewee, which are as follows:

1. Prepare for the interview:
When you know the nature of the interview, you should prepare for it. Probable questions should be anticipated and their answers also should be formed.

2. Appropriate appearance:
Depending on the situation the interviewee should make an appropriate appearance. His or her dress should he neat and desirable. Interviewee also should try to create favorable impressions through facial expressions and body movements.

3. Show interest:
To be successful the interviewee also should show sign of interest to the interviewers.

4. Correct and complete answer:
Interviewee should give correct and complete answers to the questions of the interviewer.

5. Courtesy:
Courtesy is highly valued in business arena. Thus interviewee should be courteous.

How the interviewees take preparation for the interview?

Hello dear friends thanks for visiting this site and post. Negosyo. Friend if you like this post How the interviewees take preparation for the interview? Kung paano ang interviewees paghahanda para sa pakikipanayam? This post share with your friends. Friends you will get another supper related post "What are the guidelines or checklist for interviewer?".

What is two-way communication?

What is two-way communication?

Or, The importance of tow-way communication
The communication that takes place between two parties (sender and receiver)- is known as two-way communication. But the main feature of two-way communication is the flow of information from both ways.

In two-way communication first sender a message and the receiver provides response to the sender.
Form the above discussion the major features of two-way communication can be listed as follows:

two-way communication

Importance of two-way communication:
Importance of two-way communication can be discussed in the following manner:
1. Effective communication:
Communication experts advocated that two-way communication is the real communication, where ‘exchange’ of ideas is possible.

2. Implementation of decisions:
In an organization decision are made by the top management, but those are implemented by the lower level employees. If there is no two-way communication then proper implementation of decision will not be possible.

3. Better understanding:
Where there is no counter flow of information or feedback, there the level of understanding between the sender and receiver also very poor. Only two-way communication ensures better understanding.

4. Employee motivation:
It has been proved that the organization where the scope for two-way communication exist, the management can collect more information about the attitudes of the employees. As a result it becomes easier on the part of management to take proper motivational measures.

5. Reduce employee turnover:
Two-way communication between management and employees minimizes misunderstanding and as a result employee turnover rate reduces considerably.

6. Increase productivity:
As two-way communication helps employee motivation, the job satisfaction of employee’s increases. In turn, the productivities of the firm increased.

Therefore it can be safely that, two-way communication has immense importance in the achievement of organizational goal.

What is attitude in a business letter?

Writing a business letter lesson plan

Writing a business letter lesson plan

Discuss the steps in planning of a business letter.

Successful or effective business letters are always planed. The actual purpose (s) cannot be fulfilled without proper planning. Efficient writers give emphasis on the planning of business letters, because each business letter has a long term effect. The steps in planning business letters are as follows:

Determination of objectives

Evaluation of the reader’s position

Outline the contents

Fig-06: Steps in planning of a business letter
[Source: Ricks and Gow, PP. 58-59]

1. Determination of objectives:
-------------------------------------
Business letters are written to serve specific objectives. Thus before writing the letter the writer should determine-

i. What is the primary or basic reason for writing the letter and
ii. What are the secondary reasons (if any)

A business letter without an objective is like ‘a ship without a compass’. If there are more than one objective then priorities must be determined considering the importance.

2. Evaluation of the reader’s position:
---------------------------------------------
One thing must be realized by the letter writer that he/she is not writing the letter for himself/herself. That is in writing letters the writer always need to be careful about the point: “This letter will be read by another person and his/her attitude and level of understanding are different from the writer”.

Communication experts termed this point as a ‘psychological technique’. We can say a single drug will not be able to cure all the diseases. Thus same tone will not be able to satisfy all readers. To accomplish the goal of writing, reader’s position must be evaluated. To evaluate the reader’s position following points need to be considered:

i. Collection of information from previous contacts with the reader
ii. Cultural background of the reader
iii. Religious background of the reader
iv. Educational background of the reader
v. Understanding level of the reader
vi. Need of the reader
vii. In case of reply to a letter the ‘tone’ of that letter must be considered.

3. Outline the contents:
-----------------------------
It is the rough drafting of the letter. Before writing the actual letter an outline enables a writer to revise the whole thing and to check the order of the letter.
These are the major steps of planning of a business letter which need to be followed to ensure effective writing.

 Related Post link:

Types of Business Letters

Tip:

1st part: Success or effective business letters are always planed. The actual ………………………………..

Picture

2nd Part: Alternative of Three points.

1. Determination of objectives:

i. Primary reason

ii. Secondary reason

A business letter without objectives is like a ship without a compass------------------

2. Evaluation of the reader’s position:

-----

A single drug will not be able to cure all the diseases-----------------

Give till i. -------------- IV.

3. Outline the contents: it is the rough drafting -------------------------------------

Features of circular letter

characteristics of circular letter

Explain the characteristics or features of a circular letter

Unique features a circular letter is as follows:
1. Attractiveness:
----------------------
Major goal of circular letter is to obtain the attention of people, thus it must be attractive enough to draw the interest of mass.

2. Courtesy:
--------------------
Tone of a circular letter must be courteous.

3. Mutual interest:
--------------------------
A circular letter must be drafted highlighting the benefits of all the concerned parties.

4. Easy language:
---------------------
Language of a circular letter should be easy and ambiguity must be avoided.

5. Conciseness:
------------------------
Circular letters follow the principle of ‘little be beautiful’; that is only relevant subjects need to be included in a circular letter.

6. Explain interest/Benefit:
-----------------------------------
A circular letter should explain the benefit or interest of the target group in detail.

7. Specific purpose(s):
------------------------------
A circular letter should be written to serve specific purpose or purposes.

8. Tone of confidence:
---------------------------
To accomplish the desired goal circular letters should express a tone of confidence.

Related Post Link:

What is circular letter?