Section 205 of the Companies Act, 2013
Section 205 of the Companies Act, 2013 outlines the functions of the Company Secretary.
📜 Section 205 – Functions of Company Secretary
This section defines the statutory responsibilities of a Company Secretary appointed under Section 203.
🔹 Key Functions of the Company Secretary:
According to Section 205(1), a company secretary shall report to the Board and be responsible for:
Ensuring Compliance:
Ensure the company complies with the provisions of the:
Companies Act, 2013,
Applicable rules,
Other laws applicable to the company,
Secretarial standards issued by ICSI (Institute of Company Secretaries of India).
Providing Guidance:
Guide the directors on their duties, responsibilities, and powers under the Act.
Facilitating Board Procedures:
Facilitate the calling and convening of meetings (Board, committees, and general meetings).
Maintain minutes of meetings.
Obtaining Approvals:
Help in obtaining approvals from the Board, general meeting, government, and other authorities as required.
Representing the Company:
Represent the company before various regulators and authorities under the Act.
Assisting the Board:
Assist the Board in the conduct of the affairs of the company.
Other Duties:
Perform any other functions as may be prescribed.
🔸 Section 205(2):
The Central Government may prescribe additional duties of the Company Secretary.
✅ Purpose:
To ensure that the company operates legally and ethically, and that the Board is well-supported in its governance responsibilities.
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