In this research paper we will study about the roles and responsibilities of a Company Secretary and his importance while decision making along with a question of his position same as that of the managing director.
The author in this article discusses the role and importance of Company Secretary in modern business. A Company Secretary is appointed by a company that may be a private or public organisation and holds the topmost position in the hierarchy of the managerial force and the executives in the administration
The given case is about the protection of the Employees payments during liquidation proceedings. It revolves around the question of jurisdiction concerned with the claim of employees interest in the liquidation equal to that of the company’s creditors.
The case mentioned is concerned with the dilemma about the jurisdiction of the court with reference to Indian Trusts Act, 1982. The current petition is filed over a dispute for the maintainability of a suit and the right jurisdiction for the same.
The above mentioned case revolves around the rules and laws of the Companies Act. It highlights the misfeasance done by people by the fraudulent use of the Indian Companies Act. The managing agents of the company misused the law for their own benefit over the public good.
The case of Lee v Lee Air Farming Ltd. revolves around the principle of Separate Entity regarding the Company Law established in the landmark case of Salomon v. Salomon & Co Ltd also known as the Salomon Principle.
