Reasons for Dismissal of Company Secretary

A company secretary has a great role in every stage of company formation. But a company need to dismissal a secretary some time. We are going to describe that reasons for dismissal of company secretary.

Dismissal of Company Secretary

A Company secretary may be dismissed due to below reasons:

1. Disqualification of company secretary: Employee-Employer relationship exists between a company secretary and the company. If the board of directors is not satisfied with the performance of the company secretary, they can remove him giving a prior written notice.

2. Irregularities of company secretary: A company secretary can be fired at any time without any prior written notice if he has been proved:

  • As a fraud,
  • To break the code of conduct,
  • To have moral erosion,
  • To neglect duties intentionally,
  • To have permanent inability,Reasons for Dismissal of Company Secretary

3. End of the contract of company secretary: A company secretary is appointed for a fixed term. If the board of directors does not renew the contract then his contract ends up automatically.

4. Winding up of the company: During winding up of a company, the company secretary is discharged like other employees. If winding up takes place before the expiry of the fixed term, he can claim damages for the breach of contract.

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1 comment for “Reasons for Dismissal of Company Secretary

  1. Lilia
    December 19, 2017 at 7:08 pm

    Small but very informative content. Thanks for sharing

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