Professional Documents
Culture Documents
The Registrar
SECRETARY – S.190
The Secretary is usually appointed by the
Directors even though the Regulations may
vest that power in Members or any other.
Every Company must have a Secretary, and
where a Company carries on business for more
than Six (6) months without a Secretary, the
Company and every officer shall be liable to a
fine per day of default – S.190(1)
The Secretary may be an Individual or a
corporate entity.
The Secretary may also be a Director, however
where the Companies Act requires an act to be
done by a Director and a Secretary, the same
person cannot act in the respective capacities –
S.191
The Secretary is an Administrative Officer of
the Company and without the Directors’
consent by Resolution, cannot make
commercial decisions for the Company;
borrow funds in the name of the Company;
conclude contracts; register transfer of shares
or call meetings.
The Secretary however can bind the Company in
Administrative matters.
PANORAMA DEV’T (GUILDFORD) LTD V FIDELIS FURNISHING
FABRICS
Rectification Principle
Private Liquidation.