6h Company Secretary Flashcards

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1
Q

What is a company Secretary?

A

The Chief Administrative Officer of the company.

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2
Q

What company’s must have a Secretary?

A

Public companies. Private can choose to but not necessary.

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3
Q

How are secretary’s appointed and removed?

A

By the directors (>50% vote)

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4
Q

How must the Secretary be qualified?

A

One of 3 ways:
1. Professionally (member of ACA etc)
2. Experience (held position of secretary of 3 of the last 5 years)
3. Other means directors deem sufficient

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5
Q

What are the duties of a company secretary?

A

Whatever the board deems suitable.
- File accounts/returns
- Giving notice of meetings
- Keeping minutes of meetings
- Keeping registers up to date

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6
Q

What authority does a Secretary have?

A

Can act as an agent through actual and implied authority for contracts of an administrative nature not commercial.

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