Question

Explain 4 qualifications of company secretary.​

Answer 1

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A Company Secretary means “a person who is a member of the Institute of Company Secretaries of India”.

(a) In case of a company having a paid-up share capital of Rs. 50 lakhs or more, the Secretary must be a member of the Institute of Company Secretar­ies of India incorporated under the Companies Act, 1956, and licensed under Sec. 25 of that Act. A per­son who is a member of the Institute of Chartered Secretaries of London shall also be eligible for ap­pointment as Secretary of such a company.

(b) In the case of any other company, one or more of the following qualifications shall have to be possessed by the Secretary

(i) Qualifications specified in clause (a) above;

(ii) A degree in law granted by any univer­sity.

(iii) Membership of the Institute of Chartered Accountants of India.

(iv) Membership of the Institute of Cost and Works Accountants of India.