Indicter has adopted 'model code of cordon’s for’ its iu:,.idlioh has not been i pirated in the Company Sac tarries Act, 19XO idler’s of the Act-deals with 'professional rniscondnct': Section 22 Bihar s down:: fife, the expression , professing' mid Mall be die ed to include In rin,t1ie Foam Sip to the Act.
suns and Pa t m son d Ice’s I Sable has two Parts. Part I dcd's-w: iilh rid numb Q in practice raring action by a High Court and Part ll'witb ri'scnnduct of mends in Liberal requiring
action by High Court Misconduct of mariners to practice. UnderPartthe first Schedule: to the CQ£npa y Secretaries Act, some of the acts and omissions of member l in practice which are deemed to be misconduct are as follows
I. Allowing any other person to prates in his. name’s a company secretary unless he is a company secretary or renumber of another
profession airships new Fore, mplo Yee.2, Payer lag or avowing or agreeing to pay or allow payment, or indirectly, of am- share, commssionorbroker the onto of the fees or profits of his professional work, unless the payee is a member of ' he Institute or a partner or retired partner or legal represents be; of adduces d partner. c i, WE 3. Adopting or agreeing to accept from a: member of the Instate or a member o f any other: recog seed-profession, any-fees or other
I: are conferred on him by toe Cries Act l the
He cannot cofwe, ne a marketing of the qmp, any, .iii) He cannot at l, nowledge: a debt in any suit attest the comp
of the injectors. Tale secret is ribs imp positional to re comparers m the serge Ray as a If her Adam, without authority l his al tinsel not oh lye- and he wilt be Personally liable to the third Parts
The directors formulate the broad policy decisions of the company: As the. agent of the directors it is his duty to interpret and implement these decisions. It is his duty to C011 one meetings of the Board of Directors, issue notices and agenda of such meetings and records the proceedings. He has also to cam- on correspondence with directors on various matters. As the mouthpiece of the Board, it is his duty to communicate its decisions to the staff, shareholders and outsiders. It is also an important part of his duty to take all necessary steps to execute these decisions.
The company secretary has also to help the Board of Directors in the formulation of policy decisions. He has to keep the Board posted with all information relating to the activities of the company and has to advise and guide the Board regarding desirability or otherwise of policy decisions to be taken. He has also to advise the Board on legal and other matters.