B Com Exam > B Com Notes > Auditing and Secretarial Practice > Company Secretary in Practice - Auditing & Secretarial practice
Company Secretary in Practice - Auditing & Secretarial practice | Auditing and Secretarial Practice - B Com PDF Download
Practicing Company Secretary
A member of the ICSI not in any employment is entitled to practice after obtaining a Certificate of Practice from the Institute.
Section 2(25) of the Companies Act, 2013 defines the term "company secretary in practice" which means a company secretary who is deemed to be in practice under sub-section (2) of section 2 of the Company Secretaries Act, 1980.
Section 2(2) of the Company Secretaries Act, 1980 (hereinafter called the Act) provides that a member of the Institute shall be deemed to be in practice when, individually or in partnership with one or more members of the Institute in practice or in partnership with members of such other recognised professions as may be prescribed, does any of the following in consideration of remuneration received or to be received: engages himself in the practice of the profession of company secretaries to, or in relation to, any company; or
(b) offers to perform or performs services in relation to the promotion, formation, incorporation, amalgamation, reconstruction, reorganisation or winding up of companies; or
(c) offers to perform or performs such services as may be performed by:
(i) an authorised representative of a company with respect to filing, registering, presenting, attesting or verifying any documents (including forms, applications and returns) by or on behalf of the company,
(ii) a share transfer agent,
(iii) an issue house,
(iv) a share and stock broker, a secretarial auditor or consultant, an advisor to a company on management including any legal or procedural matter falling under the Capital Issues (Control) Act, 1947
** the Industries (Development and Regulation) Act, 1951, the Companies Act, 1956, the Securities Contracts (Regulation) Act, 1956, any of the rules or bye-laws made by a recognised stock exchange, the Monopolies and Restrictive Trade Practices Act, 1969, the Foreign Exchange Regulation Act, 1973*, or under any other law for the time being in force,
(vii) issuing certificates on behalf of or for the purposes of, a company; or
(d) holds himself out to the public as a company secretary in practice; or
(e) renders professional services or assistance with respect to matters of principle or detail relating to the practice of the profession of company secretaries; or renders such other services as, in the opinion of the Council, are or may be rendered by a company secretary in practice
The document Company Secretary in Practice - Auditing & Secretarial practice | Auditing and Secretarial Practice - B Com is a part of the B Com Course Auditing and Secretarial Practice.
All you need of B Com at this link: B Com
|
55 videos|53 docs|24 tests
|
FAQs on Company Secretary in Practice - Auditing & Secretarial practice - Auditing and Secretarial Practice - B Com
| 1. What is the role of a Company Secretary in Auditing and Secretarial practice? |  |
Ans. A Company Secretary in Auditing and Secretarial practice plays a crucial role in ensuring compliance with legal and regulatory requirements. They assist in conducting internal and external audits, reviewing financial statements, maintaining corporate records, and ensuring the company adheres to corporate governance principles.
| 2. What are the key responsibilities of a Company Secretary in Auditing and Secretarial practice? | |
Ans. The key responsibilities of a Company Secretary in Auditing and Secretarial practice include:
- Assisting in conducting internal and external audits to ensure compliance with financial and legal requirements.
- Reviewing financial statements to ensure accuracy and compliance with accounting standards.
- Maintaining and updating corporate records, including minutes of meetings, resolutions, and statutory registers.
- Ensuring compliance with corporate governance principles and regulations.
- Providing guidance and advice to the board of directors on legal and regulatory matters.
| 3. What qualifications are required to become a Company Secretary in Auditing and Secretarial practice? | |
Ans. To become a Company Secretary in Auditing and Secretarial practice, one must possess a Bachelor's degree in Commerce (B.Com) or a related field. Additionally, they should have completed the Company Secretary (CS) course from the Institute of Company Secretaries of India (ICSI) and obtained the necessary certifications. Practical experience and proficiency in auditing and secretarial practices are also essential.
| 4. What are the benefits of hiring a Company Secretary in Auditing and Secretarial practice? | |
Ans. Hiring a Company Secretary in Auditing and Secretarial practice offers several benefits, including:
- Ensuring compliance with legal and regulatory requirements, reducing the risk of penalties or legal issues.
- Improving corporate governance practices and enhancing transparency within the organization.
- Assisting in conducting thorough audits, identifying financial irregularities, and implementing necessary corrective measures.
- Providing expert advice on legal and regulatory matters, guiding the board of directors in making informed decisions.
- Maintaining accurate and up-to-date corporate records, facilitating smooth operations and decision-making processes.
| 5. How can a Company Secretary in Auditing and Secretarial practice contribute to the overall success of a company? | |
Ans. A Company Secretary in Auditing and Secretarial practice can contribute to the overall success of a company by ensuring compliance with legal and regulatory requirements, minimizing financial risks, and enhancing corporate governance practices. Their expertise in auditing and secretarial practices helps in identifying and rectifying any financial irregularities, improving transparency and accountability. By maintaining accurate corporate records and providing guidance on legal matters, they facilitate effective decision-making and help the company achieve its strategic objectives.
Related Exams
About this Document
|
4.64/5 Rating |
|
Nov 22, 2024 Last updated |
Document Description: Company Secretary in Practice - Auditing & Secretarial practice for B Com 2024 is part of Auditing and Secretarial Practice preparation.
The notes and questions for Company Secretary in Practice - Auditing & Secretarial practice have been prepared according to the B Com exam syllabus. Information about Company Secretary in Practice - Auditing & Secretarial practice covers topics
like and Company Secretary in Practice - Auditing & Secretarial practice Example, for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for Company Secretary in Practice - Auditing & Secretarial practice.
Introduction of Company Secretary in Practice - Auditing & Secretarial practice in English is available as part of our Auditing and Secretarial Practice
for B Com & Company Secretary in Practice - Auditing & Secretarial practice in Hindi for Auditing and Secretarial Practice course.
Download more important topics related with notes, lectures and mock test series for B Com
Exam by signing up for free. B Com: Company Secretary in Practice - Auditing & Secretarial practice | Auditing and Secretarial Practice - B Com
Description
Full syllabus notes, lecture & questions for Company Secretary in Practice - Auditing & Secretarial practice | Auditing and Secretarial Practice - B Com - B Com | Plus excerises question with solution to help you revise complete syllabus for Auditing and Secretarial Practice | Best notes, free PDF download
Information about Company Secretary in Practice - Auditing & Secretarial practice
In this doc you can find the meaning of Company Secretary in Practice - Auditing & Secretarial practice defined & explained in the simplest way possible. Besides explaining types of
Company Secretary in Practice - Auditing & Secretarial practice theory, EduRev gives you an ample number of questions to practice Company Secretary in Practice - Auditing & Secretarial practice tests, examples and also practice B Com
tests
|
Explore Courses for B Com exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Important questions
,Summary
,Sample Paper
,Extra Questions
,Viva Questions
,Company Secretary in Practice - Auditing & Secretarial practice | Auditing and Secretarial Practice - B Com
,Previous Year Questions with Solutions
,mock tests for examination
,Semester Notes
,Exam
,video lectures
,Objective type Questions
,Free
,ppt
,Company Secretary in Practice - Auditing & Secretarial practice | Auditing and Secretarial Practice - B Com
,Company Secretary in Practice - Auditing & Secretarial practice | Auditing and Secretarial Practice - B Com
,practice quizzes
,shortcuts and tricks
,MCQs
,study material
,past year papers
;
Additional Information about Company Secretary in Practice - Auditing & Secretarial practice for B Com Preparation
Company Secretary in Practice - Auditing & Secretarial practice Free PDF Download
The Company Secretary in Practice - Auditing & Secretarial practice is an invaluable resource that delves deep into the core of the B Com exam.
These study notes are curated by experts and cover all the essential topics and concepts, making your preparation more efficient and effective.
With the help of these notes, you can grasp complex subjects quickly, revise important points easily,
and reinforce your understanding of key concepts. The study notes are presented in a concise and easy-to-understand manner,
allowing you to optimize your learning process. Whether you're looking for best-recommended books, sample papers, study material,
or toppers' notes, this PDF has got you covered. Download the Company Secretary in Practice - Auditing & Secretarial practice now and kickstart your journey towards success in the B Com exam.
Importance of Company Secretary in Practice - Auditing & Secretarial practice
The importance of Company Secretary in Practice - Auditing & Secretarial practice cannot be overstated, especially for B Com aspirants.
This document holds the key to success in the B Com exam.
It offers a detailed understanding of the concept, providing invaluable insights into the topic.
By knowing the concepts well in advance, students can plan their preparation effectively.
Utilize this indispensable guide for a well-rounded preparation and achieve your desired results.
Company Secretary in Practice - Auditing & Secretarial practice Notes
Company Secretary in Practice - Auditing & Secretarial practice Notes offer in-depth insights into the specific topic to help you master it with ease.
This comprehensive document covers all aspects related to Company Secretary in Practice - Auditing & Secretarial practice.
It includes detailed information about the exam syllabus, recommended books, and study materials for a well-rounded preparation.
Practice papers and question papers enable you to assess your progress effectively.
Additionally, the paper analysis provides valuable tips for tackling the exam strategically.
Access to Toppers' notes gives you an edge in understanding complex concepts.
Whether you're a beginner or aiming for advanced proficiency, Company Secretary in Practice - Auditing & Secretarial practice Notes on EduRev are your ultimate resource for success.
Company Secretary in Practice - Auditing & Secretarial practice B Com Questions
The "Company Secretary in Practice - Auditing & Secretarial practice B Com Questions" guide is a valuable resource for all aspiring students preparing for the
B Com exam. It focuses on providing a wide range of practice questions to help students gauge
their understanding of the exam topics. These questions cover the entire syllabus, ensuring comprehensive preparation.
The guide includes previous years' question papers for students to familiarize themselves with the exam's format and difficulty level.
Additionally, it offers subject-specific question banks, allowing students to focus on weak areas and improve their performance.
Study Company Secretary in Practice - Auditing & Secretarial practice on the App
Students of B Com can study Company Secretary in Practice - Auditing & Secretarial practice alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Company Secretary in Practice - Auditing & Secretarial practice,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Company Secretary in Practice - Auditing & Secretarial practice is prepared as per the latest B Com syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup