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Essay's paper info
| Topic: |
Business
|
| Number of pages / Number of words: |
4 / 934 |
Essay's paper body
However the
company directors are required to take all
reasonable steps to ensure that each company
secretary as appointed by them has the
necessary knowledge and experience to
discharge his/her functions as a company
secretary.
Section 171(1AB) of the Act provides that
the Registrar of Companies may require a
private company to appoint a professionally
qualified company secretary whose qualifications
are stipulated in Section
171(1AA)(b), (c) or (d), if he is satisfied that
the company has failed to comply with any
provision of the Act with respect to the
keeping of any register or other record...
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The following should
be disregarded as accounting transactions of
a company:
(a) the taking of shares in the company by a
subscriber to the memorandum in pursuance
of an undertaking of his in the
memorandum;
(b) the appointment of a company secretary
and an auditor;
(c) the maintenance of a registered office;
(d) the keeping of registers and books;
(e) the payment specified in the Second
Schedule or an amount of any fine or
default penalty paid to the Registrar...
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