Dismissal of Company Secretary

Dismissal of Company Secretary

A company Secretary has a great role in the formation of the company and he may be dismissed due to the following reasons.

1.  Not satisfied with performance-Company Secretary is appointed by the Board of Director, So he is considered as employee of the company. If the directors are not satisfied with the performance they can dismiss with prior written notice.

2.  Dismissal due to irregularities- A company Secretary may be fired any time without any prior written notice if he is proved.

a.        as fraud

b.        neglect his duties intentionally

c.         have permanent inability etc.

3.  Due to lapse of time- Company Secretary is appointed for a fixed period. If Board of Directors does not renew the Contract then his contract comes to an end.

4.  Winding up of the Company-Winding up of a company would result in the termination of service of the Secretary like all other employees.