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Indian Company Secretary notes – CSEET

Indian Company Secretary notes – CSEET

Indian Company Secretary under Company Secretaries Act,1980:

ICSI CSEET: The Council of the ICSI has released a notice regarding CSEET on the day of the inauguration of ICSI Golden Jubilee Celebrations on 4th Oct 2017.

The Gazette Notification on the Company Secretaries (Amendment) Regulations, 2020 has been published on 3rd February 2020 in the Official Gazette of India and the same shall be applicable from the said date of publication.

Now ICSI Published a notice regarding CSEET Test which going to start from 2020 May.

We are now going to discuss the details of CSEET Paper-2 Legal Aptitude and Logical Reasoning – Indian Company Secretary under Company Secretaries Act,1980 notes.

Indian Company Secretary under Company Secretaries Act,1980

Indian Company Secretary under Company Secretaries Act,1980

Indian Company Secretary under Company Secretaries Act,1980:

COMPANY SECRETARY

According to Section 2(1)(c) of the Company Secretaries Act, 1980 “Company Secretary” means a person who is a member of the Institute of Company Secretaries of India. The role of the Company secretary is defined in various other legal enactments.

Under the Companies Act, 2013 Company Secretary has been defined under section 2(24) as: ‘Company Secretary’ or ‘Secretary’ means a Company Secretary as defined in Section 2(1)(c) of the Company Secretaries Act, 1980 who is appointed by a company to perform the functions of the Company Secretary under the Companies Act, 2013.

Company Secretary is recognized as one of the Key Managerial Personnel (KMP) of a company under the Companies Act, 2013. Section 203 of Companies Act, 2013 read with Rule 8 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 provides that every listed company and every other public company having a paid-up share capital of ten crore rupees or more shall have the following whole-time key managerial personnel:

(i)    Managing Director, or Chief Executive Officer or Manager and in their absence, a Whole­Time Director;

(ii)   Company Secretary; and

(iii)   Chief Financial Officer:

According to Rule 8A of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. Every Private company which has a paid up share capital of 10 crore rupees or more shall have a whole-time company secretary.

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