The correct answer is E. A company secretary is not liable for any act done on behalf of the company when he discharges his responsibilities diligently.
A company secretary is a senior officer of a company who is responsible for the company’s compliance with laws and regulations, as well as for its internal administration. The company secretary is also responsible for maintaining the company’s records and for ensuring that the company’s meetings
are properly conducted.The company secretary is a fiduciary of the company, which means that he has a duty to act in the best interests of the company. If the company secretary breaches his fiduciary duty, he may be liable to the company for damages.
However, the company secretary is not liable for any act done on behalf of the company when he discharges his responsibilities diligently. This is because the company secretary is presumed to have acted in the best interests of the company when he was acting in his capacity as company secretary.
The other options are all connected with the liabilities of a company secretary. A company secretary is liable for breach of trust if he breaches his fiduciary duty to the company. A company secretary is liable
for willful misconduct if he acts with reckless disregard for the company’s interests. A company secretary is liable for misfeasance if he commits a negligent act that causes harm to the company. And a company secretary is liable for the pecuniary loss of the company if he causes the company to lose money.