The correct answer is D. Right to borrow money on behalf of the company.
The company secretary is a senior officer of the company who is responsible for ensuring that the company complies with all applicable laws and regulations. The company secretary also has a number of other duties, such as maintaining the company’s records, preparing the company’s annual report, and attending board meetings.
The company secretary is not authorized to borrow money on behalf of the company. This is because the company secretary is not a director of the company and does not have the authority to bind the company to contracts.
The other options are all rights that are typically held by company secretaries. Option A is the right to control and supervise the working of his department. Option B is the right to sign a document. Option C is the right to be indemnified by the company for any loss suffered. Option E is the right to receive remuneration even at the time of winding up of the company as a preferential creditor.
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