B Com Exam > B Com Videos > Auditing and Secretarial Practice > Company Secretary in Practice, Auditing and Secretarial Practice
Company Secretary in Practice, Auditing and Secretarial Practice Video Lecture | Auditing and Secretarial Practice - B Com
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FAQs on Company Secretary in Practice, Auditing and Secretarial Practice Video Lecture - Auditing and Secretarial Practice - B Com
| 1. What are the key responsibilities of a Company Secretary in Practice? |  |
Ans. A Company Secretary in Practice has several key responsibilities including ensuring compliance with legal and regulatory requirements, advising the board of directors on corporate governance matters, maintaining statutory records, preparing and filing company returns, and coordinating the company's annual general meetings.
| 2. What is the significance of Auditing in Secretarial Practice? | |
Ans. Auditing plays a crucial role in Secretarial Practice as it helps in ensuring the accuracy and reliability of financial statements and other records. It provides an independent and objective assessment of a company's financial health, internal controls, and compliance with legal and regulatory requirements. This helps in enhancing transparency, credibility, and trustworthiness of the company's operations.
| 3. What are the qualifications required to become a Company Secretary in Practice? | |
Ans. To become a Company Secretary in Practice, one must complete the Bachelor of Commerce (B.Com) degree and then pursue the Company Secretary (CS) course offered by the Institute of Company Secretaries of India (ICSI). After passing the CS exams and completing the mandatory practical training, one can apply for the certificate of practice and become a Company Secretary in Practice.
| 4. Can a Company Secretary in Practice provide services to multiple companies simultaneously? | |
Ans. Yes, a Company Secretary in Practice can provide services to multiple companies simultaneously. However, it is important to manage the workload effectively and ensure that there is no conflict of interest between the companies. The Company Secretary in Practice must also comply with the Code of Conduct prescribed by the ICSI and maintain confidentiality and professionalism while serving multiple clients.
| 5. How does the Company Secretary in Practice contribute to the success of a company? | |
Ans. A Company Secretary in Practice contributes to the success of a company by ensuring compliance with legal and regulatory requirements, providing guidance on corporate governance matters, and maintaining effective communication between the board of directors, management, and shareholders. They also play a crucial role in risk management, ensuring transparency, and enhancing the overall corporate reputation of the company.
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Dec 19, 2024 Last updated |
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