Author: admin

The following are the arrangements in relation to the removal of the secretary from his post. 1. If the Secretary is appointed for a fixed term, he cannot be relieved before the expiry of that period. Provided that for breach of duty, negligence, dishonesty and breach of contract by the secretary, he can be removed from the post of secretary by the directors before the expiry of the period of appointment. 2. A secretary may be removed from office by giving a notice to him in accordance with the terms of the covenant of his appointment. If there is no…

The Company Secretary has certain powers to perform his duties. Although the rights of the secretary have not been mentioned in the Companies Act, he continues to get the same rights as the service done between him and the company, but then the conditions and are provided by the board of directors which are as follows: To inspect the departments – Powers Secretary is the top officer of the secretarial office of the company, so he has the right to inspect, control and give orders to the departments subordinate to him. He has full right to make various plans related…

The functions of the Secretary are not clearly mentioned in the Companies Act. The functions of the secretary depend on the nature, size of the business of the company and the powers assigned by the board of directors. In fact, the secretary is a principal officer of the company and that is why the scope of his work in relation to the company is very wide. The functions of the secretary can be divided into the following categories. 1. Statutory Duties:- The most important duty of the Company Secretary would be to fulfill the statutory requirements laid down by various…

Financial management is made up of two words, finance and management. The meaning of the word financial is to find out the sources of getting money and to anticipate the needs of the business and on the basis of them distribution of financial resources. The word management refers to the planning, organization, coordination and control of human and physical resources to achieve the objectives of any business. Thus, financial management is an important part of business management which is related to planning and control of financial resources of the organization. Financial management is the determination, receipt, distribution and use of…

In the modern era, the role of financial management in business has become very important. Is . According to the traditional view, financial management is needed at the time of starting a business, reorganizing, expanding and collecting funds. According to the modern ideology, financial management is a continuous process, it is not only a plan to obtain funds but also to use them properly. The nature of financial management has been explained by the following points (1) Financial management is an integral part of business management. Finance occupies the topmost place in the management and operation of business. Every action…

Financial management is proving to be very useful for business organizations in the modern era. Due to its development, there has been a lot of improvement in the management and performance of the institutions, yet it has to face many difficulties. This has reduced the usefulness of financial management. Its limitations are based on the following :- (i) accounting records, various information used in financial management are obtained from cost accounting, financial accounting and other documents. The analysis and interpretation of financial statements made in financial management are done through techniques like cost-quantity-benefit analysis, budgetary control etc. If these information…