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Introduction to Company Secretary, Auditing and Secretarial Practice Video Lecture | Auditing and Secretarial Practice - B Com

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FAQs on Introduction to Company Secretary, Auditing and Secretarial Practice Video Lecture - Auditing and Secretarial Practice - B Com

1. What is the role of a company secretary?
Ans. A company secretary is a senior position within a company, responsible for ensuring that the company complies with legal and regulatory requirements. They also play a crucial role in corporate governance and act as a bridge between the board of directors, management, and shareholders.
2. What is auditing and why is it important for a company?
Ans. Auditing is the process of examining a company's financial records, transactions, and statements to ensure accuracy, transparency, and compliance with accounting standards. It is important for a company as it helps in identifying any errors, fraud, or mismanagement of funds, providing assurance to stakeholders and investors, and maintaining the credibility of the company's financial information.
3. What are the key responsibilities of a company secretary?
Ans. Some key responsibilities of a company secretary include maintaining statutory registers, preparing and filing legal documents, organizing and attending board meetings, ensuring compliance with corporate governance practices, coordinating with external auditors, advising the board on legal and regulatory matters, and handling shareholder communications.
4. How does secretarial practice contribute to the smooth functioning of a company?
Ans. Secretarial practice plays a crucial role in the smooth functioning of a company by ensuring compliance with legal and regulatory requirements, facilitating effective communication between the management and shareholders, maintaining proper corporate records and documentation, and providing support in corporate decision-making processes.
5. What are the qualifications required to become a company secretary?
Ans. To become a company secretary, one needs to complete the Intermediate and Final levels of the Company Secretary (CS) course conducted by the Institute of Company Secretaries of India (ICSI). Along with the educational qualifications, practical training and passing the examinations are also necessary to become a qualified company secretary.
55 videos|53 docs|24 tests
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