Corporate Secretaryship Essay Example | Topics and Well Written Essays - 2000 words

bodied Secretaryship - Essay Examplevided into the law of companies which are public nature and on companies which are backstage in nature, it serves the dual purpose of being both a very effective as well as a comprehensive piece of legislation. The primary purpose of enacting this legislation was to increase the competitiveness of the UK in the force field of international trade and also ensure the creation of an effective legal and regulatory framework deep down which business within the UK operates and also promotion of enterprise, promoting growth and put forward the right conditions for coronation and employment and constrain them as and when necessary.3The bit is a comprehensive code of company law. It restates and replaces most of the Company Law victual of the 1985, 1989 and 2004 (Audit, Investigations and Communities Enterprise) Acts and also introduces a wide range of varietys to a number of areas such as formation of company, directors duties and liabilities, fu nctionholders rights, share capital maintenance etc.The intention is for all parts of the Act to be implemented by October 2008 although some parts may be introduced before than and others are already in force.4 Behind the 1300 sections of the Act lie 4 key themes which are ensuring the enhancement of shareholder engagement and a long-term investment culture ensuring better regulation and a Think Small First approach. Through the Act, it is expected that it get out now become far easier to set up and run a company and also provide flexibility for the future.5The advent of the Companies Act, 2006 will bring about a number of changes for companies during 2007 and 2008.One such change will be the abolition of the need to appoint a company secretary for a private company.6 Part 12 of the Act of 2006 deals with the role that company secretaries have to play in any organization, Sections 270-280 from a part of Part 12 of the Act. The head none to Section 270 states that, a Private compa ny not required to have secretary. With the sub sections