CMA Intermediate · Corporate Accounting and Auditing · Secretarial Audit
Under the Companies Act, 2013, which of the following is a stated function of the company secretary under Section 205?
Section 205(1)(b) makes it a function of the company secretary to ensure that the company complies with the applicable secretarial standards. Appointing auditors, fixing managing director pay and approving the Board's report are not functions listed for the company secretary in that section.
- ATo ensure that the company complies with the applicable secretarial standardsCorrect
- BTo appoint the statutory auditor of the company
- CTo fix the remuneration of the managing director
- DTo approve the Board's report under Section 134
Explanation
Section 205(1)(b) lists ensuring that the company complies with applicable secretarial standards as a function of the company secretary. Appointing auditors, fixing managing director remuneration and approving the Board's report are not company secretary functions listed there.
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