CHALLENGES FACED BY COMPANY SECRETARY DURING COVID19 PANDEMIC

सतयवद। घरमच CHALLENGES FACED BY COMPANY SECRETARY DURING COVID-19 PANDEMIC

INDEX 1. About Company Secretary 2. Role of Company Secretary in the development of economy. 3. Effects and Problems faced during COVID-19 Situation. 4. Challenges faced by Company secretary during COVID-19 pandemic.

About Company Secretary A Company Secretary is a professional in an organization, - having high level responsibilities for the efficient administration of a company, - Is a vital link between the Company and its Board of Directors, Shareholders, Government and Regulatory authorities and all other Stakeholders, - for ensuring that decisions of the Board of Directors are implemented, - As a primary source of advice on the conduct of business.

ROLE OF COMPANY SECRETARY 1. Ensures that Board procedures are followed and regularly reviewed and provides guidance to Chairman and the Directors on their responsibilities under various laws. 2. Advising on good governance practices and compliance of Corporate Governance norms as prescribed under various Corporate, Securities and Other Business Laws 3. Secretarial/ Compliance Audit 4. Representing on behalf of a company and other persons before various governmental authorities. 5. Advising on arbitration, negotiation and conciliation in commercial disputes between the parties 6. Compliance with rules and regulations in the securities market. 7. Advising on all matters related to IPRs and TRIPs Agreement of WTO. 8. Participating in formulation of Business policy, strategy and planning.

EFFECTS AND PROBLEMS DURING COVID-19 During Lockdown, working from home is the only option for professionals. Unstable effects on the people as well as organizations. Less control on organization affairs. The market and economy faced uncertain slowdown. Difficult to connect with persons virtually due to various factors such as IT setup etc.

CHALLENGES FACED BY COMPANY SECRETARY - Challenges with respect to efficient administration of a company and managing the legal and regulatory affairs due to lockdown during this outbreak. - Issues in relation to ensuring day-to-day managerial procedures and company’s corporate governance norms being properly followed and regulated. - Difficulties in conducting the virtual meetings and attending urgent meetings as per legal timelines due to various technical glitches.

CHALLENGES FACED BY COMPANY SECRETARY - Challenges in making physical records or documents or necessary agreements and conducting any significant transaction in organization. - Less Human-to-Human Interaction may lead to less control with the teams which may create professional inefficiency. - Challenge with respect to data insecurity i. e. sharing of confidential data or information through internet which may create distortion.

THANK YOU -By: RAJUL GARG (240593731/08/2017)