Role of Company Secretary in Practice notes – CSEET

Role of Company Secretary in Practice:

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 3^rd 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 – Role of Company Secretary in Practice notes.

Role of Company Secretary in Practice

Role of Company Secretary in Practice:

As per Section (25) the Companies Act, 2013 “Company Secretary in Practice” means a company secretary who is deemed to be in practice under section 2(2) of the Company Secretaries Act, 1980.

A member of the Institute shall be deemed “to be in practice” when, individually or in partnership with one or more members of the Institute in practice or in partnership with members of such other recognised professions as may be prescribed, he, in consideration of remuneration received or to be received,—

(a)   Engages himself in the practice of the profession of Company Secretaries to, or in relation to, any company; or

(b)   offers to perform or performs services in relation to the promotion, forming, incorporation, amalgamation, reconstruction, reorganisation or winding up of companies; or

(c)   offers to perform or performs such services as may be performed by—

(i)    anauthorised representative of a company with respect to filing, registering, presenting, attesting or verifying any documents (including forms, applications and returns) by or on behalf of the company

(ii)   a share transfer agent,

(iii)   an issue house,

(iv)  a share and stock broker,

(v)   a secretarial auditor or consultant,

(vi)  an adviser to a company on management, including any legal or procedural matters

(vii) issuing certificates on behalf of, or for the purposes of, a company; or

(d)   holds himself out to the public as a Company Secretary in practice; or

(e)   renders professional services or assistance with respect to matters of principle or detail relating to the practice of the profession of Company Secretaries; or

(f)    renders such other services as, in the opinion of the Council, are or may be rendered by a Company

Company Secretary in Practice have been authorised by Government as well as Regulatory Bodies including Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), NCLT & NCLAT, Insurance Regulatory Authority of India ((IRDA), Competition Commission of India (CCI), Real Estate Regulatory Authority of India (RERA) and Stock Exchanges (SE) to act as authorised representative and issue various certifications and undertake Secretarial Audit of Bigger Companies.

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