RoIe of Managing

Director and Auditor

Company Secretary









Made byDushyant
Akshay Dewan
A[ay kumar
narsh 1aya|
Manag|ng D|rector
A managlng dlrecLor (Mu) or chlef execuLlve ls Lhe hlghesLranklng corporaLe offlcer (execuLlve)
or admlnlsLraLor ln charge of LoLal managemenL of an organlzaLlon An lndlvldual appolnLed as a
managlng dlrecLor of a corporaLlon company organlzaLlon or agency Lyplcally reporLs Lo Lhe
board of dlrecLors
8ole of Lhe Managlng ulrecLor
8ole of Managlng dlrecLor of a company are as follows
1 reaLe sLraLeglc vlslon for Lhe buslness LhaL sLems from organlzaLlon's sLrengLh and
bullds on lLs compeLlLlve advanLages
2 reaLe and work wlLh Lhe 8oard LhaL ls capable of helplng and supporLlng hlm ln Lhe
overall dlrecLlon and governance of Lhe organlzaLlon
3 LsLabllsh baslc prlorlLles eLhlcal values pollcles and aLLlLudes LhaL wlll Lransform Lhe
company from belng a repeaLlng culLure lnLo a learnlng culLure lnsLlll a sense of
personal lnvolvemenL and commlLmenL Lo Lhe sLraLeglc vlslon LhroughouL Lhe
organlzaLlon
4 1o acL as Managlng ulrecLor wlLh a clear mandaLe Lo achleve expecLed / lald down
sLandards of operaLlonal flnanclal and admlnlsLraLlve performance of Lhe orporaLlon
3 WlLh Lhe help of concerned whole Llme ulrecLors he ls Lo malnLaln sLandards of
performance ln Lerms of crlLerla such as cusLomer servlces producL quallLy
Lechnologlcal leadershlp markeL share and flnanclal measures LhaL wlll meeL
expecLaLlons of Lhe lnvesLors Lhe onsumers and all oLher sLake holders
6 1o malnLaln publlc relaLlons wlLh all sLakeholders especlally aL Lhe CovernmenL level
7 Lead Lhe orporaLlon so as Lo Lransform lL lnLo a plaLform for servlng Lhe consumers and
aLLracL lnvesLmenL
8 halr Lhe 8oard and Ceneral MeeLlngs
9 uevelop and dellver on Lhe company's sLraLeglc plan ln Lhe mosL effecLlve and efflclenL
Manner
10AccounLable for Lhe overall performance of Lhe company and for Lhe dayLoday runnlng
and managemenL of Lhe company's buslness under delegaLed auLhorlLy from Lhe 8oard
111he responslblllLles of an organlzaLlons Managlng ulrecLor are seL by Lhe organlzaLlons
board of dlrecLors or oLher auLhorlLy dependlng on Lhe organlzaLlons legal sLrucLure
12lL has responslblllLles as a communlcaLor declslon maker leader and manager
13As a leader Lhe Managlng ulrecLor advlses Lhe board of dlrecLors moLlvaLes employees
and drlves change wlLhln Lhe organlzaLlon
14As a manager Lhe Managlng ulrecLor presldes over Lhe organlzaLlons dayLoday
monLhLomonLh and yearLoyear operaLlons
ompany Secretary
1he ompanles AmendmenL AcL 1974 enlarged Lhe scope of servlces of a company secreLary
Pls duLles and responslblllLles lnlLlally were mlnlsLerlal or admlnlsLraLlve ln naLure
8ole of ompany SecreLary
1 1owards 8oard of ulrecLors arrangemenL of meeLlngs of Lhe 8oard lncludlng lLs
commlLLees preparaLlon of agenda and proceedlngs of all meeLlngs brleflng and
llaslonlng wlLh promoLer dlrecLors and oLher dlrecLors eLc
2 1owards sLockholders conducLlng shareholders meeLlngs servlng noLlces reporLs
dlvldend lnLeresL paymenLs and oLher correspondence wlLh Lhem and so on
3 1owards legal and admlnlsLraLlve funcLlons compllance and llaslonlng wlLh
CovernmenL deparLmenLs sLock exchanges regulaLors drafLlng of conLracLs
agreemenLs flllng of documenLs malnLenance of reglsLers and records and oLher
admlnlsLraLlve duLles
4 A ompany SecreLary should make sure LhaL Lhe procedure for appolnLmenL of dlrecLors
ls followed properly Pe/She should also ensure LhaL Lhe newlyappolnLed dlrecLors
have a proper lnducLlon and speclal Lralnlng organlzed lf Lhe need be
3 A ompany SecreLary should also provlde all Lypes of supporL and guldance Lo Lhe
dlrecLors helplng Lhem ln dlscharglng Lhelr duLles
6 A ompany SecreLary should ensure LhaL all sLaLuLory and regulaLory requlremenLs are
properly complled wlLh 1hey play a key role ln ensurlng LhaL Lhe declslons of Lhe 8oard
on Lhe whole are properly lmplemenLed and communlcaLed wlLhln Lhe organlzaLlon
1hey should advlse Lhe company and lLs board of ulrecLors on buslness eLhlcs and
corporaLe governance
7 A ompany SecreLary should also ensure LhaL Lhe lnLeresL of Lhe sLakeholders are
safeguarded and should communlcaLe wlLh Lhem on regular basls
1he CovernmenL has consclously creaLed an lnsLlLuLlon Lo caLer Lo Lhe speclallzed
governance and compllance needs of orporaLe SecLor 1he CovernmenL has also
recognlzed adequaLely Lhe quallLy and professlonal compeLency of Lhe members of lSl lSl
has also llved up Lo Lhe greaL expecLaLlons of Lhe CovernmenL and has produced several
sLalwarLs Lo serve Lhe orporaLe SecLor 1hus Lhere ls no doubL abouL Lhe role of ompany
SecreLary ln Lhe orporaLe SecLor whlch lncludes small medlum and large enLerprlses 1he
scope of Lhe professlon ompany SecreLary has been wldenlng year by year and Lo day Lhe
CovernmenL has recognlzed ompany SecreLary as one of Lhe key Managerlal ersonnel"
1he role of ompany SecreLary ln corporaLe secLor ls manl fold and lSl has pro[ecLed Lhe
same Lo lnclude
(a) orporaLe Laws
(b) orporaLe Covernance
(c) orporaLe AdmlnlsLraLlon
(d) 8oard and Shareholders meeLlngs
(e) orporaLe ompllance ManagemenL
(f) SLakeholder 8elaLlonshlp
(g) lC Au8s/Cu8s
(h) aplLal markeLs sLock exchanges and llsLlng agreemenL
(l) Mergers and AmalgamaLlons
([) lnslder 1radlng 1akeovers
(k) 8epresenLaLlons
(l) ArblLraLlons 8econclllaLlon
(m) ulrecL and lndlrecL 1axes
(n) lnvesLor LducaLlon and roLecLlon
8esldes ompany SecreLary renders Lhe followlng servlces Loo

(a) AcLs as an advlsor ln !olnL venLure and lorelgn collaboraLlon and ln drafLlng of
agreemenLs LhereLo
(b) Cffers consulLancy and acLs as an advlsor ln orporaLe 8esLrucLurlng whlch lncludes
demerger sale revlval of slck companles and so on
(c) Cffers servlces Lowards roLecLlon of lnLellecLual roperLles
(d) Cffer servlces on AlLernaLlve ulspuLe 8esoluLlons

Aud|tor
An audlLor ls an lndependenL cerLlfled publlc accounLanL who examlnes Lhe flnanclal
sLaLemenLs LhaL a companys managemenL has prepared 1he federal securlLles laws requlre
publlcly held companles LhaL flle reporLs wlLh Lhe SL Lo submlL flnanclal sLaLemenLs LhaL are
accuraLe LruLhful and compleLe and prepared accordlng Lo a seL of accounLlng sLandards called
Cenerally AccepLed AccounLlng rlnclples (or CAA) Many of Lhese flnanclal sLaLemenLs
lncludlng Lhose ln Lhe companys annual reporL and Lhose provlded Lo shareholders ln
connecLlon wlLh Lhe sollclLaLlon of proxles for annual meeLlngs musL be examlned and
reporLed on by an lndependenL audlLor
8ole of AudlLor
lL ls Lhe duLy of Lhe audlLor conducL Lhe audlL of Lhe books of accounLs of Lhe company and Lo
make hls reporL Lo Lhe members of Lhe company on Lhe accounLs examlned by hlm and on
every balance sheeL every proflL and loss accounL and on every oLher documenL declared by
Lhe AcL Lo be parL of or annexed Lo Lhe balancesheeL or proflL and loss accounL and lald before
Lhe company ln general meeLlng durlng hls Lenure of offlce 1he audlLor's reporL besldes oLher
Lhlngs necessary ln any parLlcular case musL expressly sLaLe

1 wheLher ln hls oplnlon and Lo Lhe besL of hls lnformaLlon and accordlng Lo explanaLlon
glven Lo hlm Lhe accounLs glve Lhe lnformaLlon requlred by Lhe AcL and ln Lhe manner
as requlred

2 wheLher Lhe balancesheeL glves a Lrue and falr vlew of Lhe companys affalrs as aL Lhe
end of Lhe flnanclal year and Lhe proflL and loss accounL glves a Lrue and falr vlew of Lhe
proflL or loss for Lhe flnanclal year

3 wheLher he has obLalned all Lhe lnformaLlon and explanaLlons requlred by hlm for Lhe
purposes of hls audlL

4 wheLher ln hls oplnlon Lhe proflL loss accounL and balance sheeL refered Lo ln hls
reporL comply wlLh Lhe accounLlng sLandards recommended by Lhe lnsLlLuLe of
harLered AccounLanLs of lndla

3 wheLher ln hls oplnlon proper books of accounL as requlred by law have been kepL by
Lhe company and proper reLurns for Lhe purposes of hls audlL have been recelved from
Lhe branches noL vlslLed by hlm

6 wheLher Lhe companys balance sheeL and proflL and loss accounL dealL wlLh by Lhe
reporL are ln agreemenL wlLh Lhe books of accounL and reLurns

ln case any of Lhe above maLLers ls answered ln Lhe negaLlve or wlLh a quallflcaLlon Lhe
audlLors reporL musL sLaLe Lhe reason for Lhe same Where Lhe audlLor ls unable Lo express any
oplnlon ln answer Lo a parLlcular quesLlon hls reporL shall lndlcaLe such facL LogeLher wlLh Lhe
reasons why lL ls noL posslble for hlm Lo glve an answer Lo such quesLlon

1he enLral CovernmenL ls empowered Lo lssue orders requlrlng Lhe audlLor Lo lnclude ln hls
reporL a sLaLemenL on such maLLers as may be speclfled ln exerclse of Lhls power Lhe enLral
CovernmenL has lssued an order called 1he ManufacLurlng and oLher ompanles (AudlLors
8eporL) Crder 1973 lL ls Lhe duLy of Lhe audlLor Lo comply wlLh Lhls order when maklng hls
reporL Lo Lhe shareholders

Cnly Lhe person appolnLed as audlLor of Lhe company or where a flrm of audlLors ls so
appolnLed only a parLner of LhaL Lhe flrm pracLlselng ln lndla can slgn Lhe audlLors reporL or
slgn or auLhenLlcaLe any oLher documenL of Lhe company requlred by law Lo be slgned or
auLhenLlcaLed by Lhe audlLor