It is compulsory to appoint a secretary in Joint Stock Company.
Justify the following statement :
It is compulsory to appoint a secretary in Joint Stock Company.
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- Joint Stock Company works on a large scale.
- Hence, every company with paid-up capital of ₹ 5 crores or more must appoint a full-time secretary.
- A company secretary acts as a line of communications between the Board and the staff.
- He acts as the mouthpiece of the Board, as the Directors act only through the secretary.
- Every grievance of the staff is communicated to the Directors through the secretary.
- Thus, It is compulsory to appoint a secretary in Joint Stock Company.
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