As an officer, a company secretary has extensive duties and liabilities. The success of the company depends upon his efficient functions and capacity to perform.
Liabilities:
1. It is duty of the secretary to arrange for Board meetings and shareholders annual general meeting.
2. The secretary controls and supervises the dayto-day activities of the company.
3. Also he should prepare details for issue of allotment letters, share certificates and dividend warrants.
4. To arrange for filing statement in lieu of prospectus.
5. The secretary should send notice of general meeting to every member of the company.
6. Being a principal officer, a company secretary can sign contracts and proceedings of company meetings.
7. (He is liable to maintain share registers and register of directors and contracts.
8. To prepare minutes of every general meeting and Board meetings within 30 days.
