What are the liabilities of company secretary?

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Statutory Liabilities

  1. Filing the return of allotment
  2. Delivering share certificate/Debenture certificate on time
  3. Filing annual return
  4. Holding Annual General Meeting (AGM)
  5. Recording minutes of the meeting
  6. Providing the P/L account and Balancesheet at AGM
  7. Provide notice about Board Meeting
  8. Maintain the register of members

Contractual Liabilities

  1. He/she is liable for any negligence on part of his duty. He/she may be dismissed.
  2. 2) He/she must not do anything beyond his authority, if he/she does he will be personally liable for loss.
  3. He/she is under the obligation to not disclose any secret information about the company to outsiders.
  4. He/she is liable for any secret profits made by him/her on account of his position.
  5. If the company secretary commits any fraud, he/she must indemnify to the company for any loss occurred.

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