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Chapter: 12th Commerce : Chapter 28 : Company Law and Secretarial Practice : Company Secretary

Removal / Dismissal of Company Secretary

In accordance with the law governing relationship between a master and servant, company secretary may be dismissed like an ordinary servant of a company.

Removal / Dismissal of Company Secretary

In accordance with the law governing relationship between a master and servant, company secretary may be dismissed like an ordinary servant of a company. The Board of directors of a company has absolute discretion to remove a company secretary or to terminate his services at any time for any reason or without any reason. Generally secretary may be terminated under the following situations:

1. when his term of appointment has expired;

2. when he is given a proper notice of dismissal as per the terms of agreement of employment;

3. when he makes a secret profit;

4. when he misconducts himself ;

5. where he is found to be guilty of moral turpitude, negligence, disobedience, incompetence.

6. where he suffers from permanent mental and physical disabilities.

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12th Commerce : Chapter 28 : Company Law and Secretarial Practice : Company Secretary : Removal / Dismissal of Company Secretary |


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