COMPANY SECRETARY, Manager and Director, Answer Directors

Shops Ed Establishments Act, Sales Taps Act, and Factories Jam: Be al secretary is recognized as principal of rice of the company be is limb for fulfilling the Canoes provisions of the Act. In Me Asiatic requirements of the provisions he is the sole
e Mitt Act, he is bracketed with the Manager and Director and is recognized as the pal of ricer who is responsible Mice and verifying statements etc. made m various forms. used a question, merger etc.
CONTRACTUAL LIABILITIES
-I A company secret an-, as we have seen, is an employee of the company -and he is appointed under the law according to specified terms and conditions. He enters into an agreement with the company There anises, therefore, a contractual liability out of his serf ice agreement and terms of appointment which he is required to fulfill- These liabilities are:
(i) Answer awe to Directors for proper discharge of tins duties;
(ii) Obedience, mad implementation of orders mad instructions;
•, (iii) Fumctioningwithinthe frameworkofMernorandum, Articles, decisions and other plans and programmers
(iv) Nondisclosure of any confidential matters except in the manner required m- discharge of his duties, statutory obligations and m fulfillment of the obligations under senile agreement.
(v) Functioning within limits of authority and power
(vi) Performance of duties with reasonable care and skill.
(wig) Obligation arising out of willful misconduct and neglect of duties.
(veil) personal liabilities in case fraud committed or Vitally done during his course of employ mint to the affected party, who, if he so desires, may sue the secretary instead of the company and claim damages etc: Howe, err, if the secretary has discharged his duties. diligently and conscienhonsly, he is honest in fulfilling his obligations and has acted within the scope of his authority he may not be held liable, of course, the burden of prom his innocence lies on him.
RIGHTS AND POWERS OF THE SECRETARY
. . Q. 10. Enumerate and briefly discuss the rights and powers enjoyed by a company secretary.
The law recognizes fife company secretary only as an employee. However certain rights and powers are enjoyed by the secretary in the law as well as are spelled out m his service agreement. The inhuming are the rights and powers of a company secretary: N :
2 He has a right to supervise and control the activities department he leads. :
Describe the Set up of the Company law administration m India.
Ans. Ike Compares Act 1956. The Companies At, 1956, which constitutes the Company Bawl in India came into force with effect from 1
April 1 956 it is a consolidating Act and it repeals earner Acts and subsistent amendments It contains 658 Sections, and XV Schedules. :