In the last article we came to this Bodies of a Private Limited Company in India received. On the important, but largely unknown to us, role of the company secretary However, we would like to discuss this separately at this point.

Because that is what it is not not an assistant position in our sense of the word, but an official and necessary role according to the Indian one Companies Act.

The (legal) compliance tasks under Indian corporate law are also referred to as Secretarial compliance designated. These include a number of management tasks that must be carried out in every Indian corporation:

tasks and responsibilities

Of / company secretary is responsible for all tasks in the area of ​​a company from its founding to its administration Corporate Compliance and thus forms the interface to the authorities (in particular the Registrar of Companies - RoC) and the banks. He/she is responsible for the company's compliance with all legal requirements - in particular the Companies Act 2013 SEBI and FEMA etc.

He/she is also responsible for coordinating the Board and Annual General Meetings, ensuring the proper documentation and archiving of all legally required documents and the administration of company shares.

Internal audits and due diligence are also part of the area of ​​responsibility, as is the official representation of the company externally - right through to corporate communications and public relations.

Secretarial Services

For small and medium-sized companies, these tasks are usually carried out by auditing and tax consulting companies and service providers such as Dr. Wamser + Batra India (Finance & Compliance; keyword “Secretarial Services”).

Companies (private limited) with a share capital of 50 million rupees (€620.000) must have their own company secretary set. However, in order to fill this role, you must be officially licensed and trained by the Institute of Companies Secretaries of India (ICSI), which is under the control of the Ministry of Corporate Affairs stands.