What is the meaning and definition of company secretary?
The company secretary looks after various functions related to correspondence, meetings and administration which ensures smooth functioning of the organization. He/she is an important officer of the company.
Company secretary is appointed by the Board of Directors of company as per provisions of Companies act. He/she acts as a link between Board of Directors and Shareholders, Employees and outsiders etc. He/she is closely connected with day to day activities of company, so his/her views are considered for decision making in an organization.
According to Companies Act 2013 Section 2 (24) “Company Secretary or Secretary means a Company Secretary as defined in Clause (c) of Sub-section (i) of Section 2 of the Company Secretaries Act 1980 who is appointed by a company to perform the function of a Company Secretary under this Act.”
The Oxford Dictionary defines secretary as “A person whose work is to write for others, especially one who is employed to conduct correspondence, keep records and to transact various other businesses for another person or for society, corporation or public body.”
The Company Secretaries Act, 1980 defines Company Secretary as – “a person who is a member of Institute of Company Secretaries of India.”