Powers and Rights of Company Secretary
A Company secretary is a high level officer. He
enjoys certain rights and power as per contract made with the company, which
are as follows:
a) Supervision
and Control: As a head of the office, a company secretary has the rights to supervise, direct
and control all office activities of subordinate offices.
b) Signing
authority: Being a principal officer, a company secretary can sign contracts, proceedings of the company
meeting, files and documents on behalf of the company.
c) Exercising
power: He has the right to exercise
powers as granted by board of directors.
d) Issuing
testimonial: A company secretary can issue testimonials to employees on behalf of the company.
e) Claiming
salary and damages: As per contract,
he has the right to claim his salary and other allowances. He can also take
legal action against the company if there is any breach of contract. Before his
services are terminated, he can demand a reasonable notice and claim damages
for his wrongful dismissal.
f) Preferential
creditor: During winding up of a
company, company secretary can claim his legal dues on a preferential basis.
g) Attending
meeting: He has the right to be physically
present in the meetings of the shareholders and board of directors.
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