DUTIES TOVIARDS SHAREHOLDERS, Board and the shareholders

It is the duty of a company secretary to serve the best interests of the shareholders, who are the owners of the share capital of the company He has to safeguard the interests of, the shareholders as between themselves, as also is the company On the one hand, he has to see that the rights arid interests of one shareholder are not adversely affected by the act or' another; on die other hand. he has ensured that their rights as shareholders under the Companies Act are also protected.
The secretary is the connecting link between the Board and the shareholders. He commurrtcates the decisions of the Board to the shareholders and also replies to the inquiries and complaints of the shareholders on behalf of due Board His duties Ushuaia- relate to convening of meetings ofthecompamy, mar aiming records of meets gas, issuing letters of allotment, calls, etc., registering transfers, issuing share certificates, supplying intonation and copies of documents required by them. He is also responsible for arranging payment of dividends, etc. While safeguarding die interests of the shareholders, he has to see that no secret or confidential information of the company is
• divulged which may adversely affect die interest of one shareholder against that of others or which may prejudice the interests of the company as a whole.
Duties AS LIAISON OFFER
A Company Secretary Acts as liaison or link between the Board of Directors: and the staff, shareholders and others. As die mouthpiece of the Board, he locates the Board's decisions to die staff, shareholders and others. He is also frequently called upon to act as the Pubic Relations erp officer Nowadays; it has become essential foil business corr.pames to give more stress on public relations to project a favorable image of the company in die minds of the public. Also in its own interest a company has to keep its creditors, customers, prospective investors and :other sections of die public informed of the various aspects of the wor of the company By virtue of Luis intimate knowledge of the company’s affairs and his close touch with toe directors,
24 IS: SECRETARIAL PRACTICE
the secretary is in a better position to perform this task. Though correspondence, circulars, Press statements and other media, he supplies lo the various sections of the public such information of the wor of the company in which they are interested.
SOCIAL RLSPONSiBIUTY