The correct answer is: B. To submit the application for license for manufacturing a new product.
A company secretary is a professional who is responsible for the administrative and legal affairs of a company. They are appointed by the board of directors and have a duty to act in the best interests of the company.
Some of the duties of a company secretary include:
- Filing returns and documents with the Registrar of Companies
- Keeping the company’s records and registers up to date
- Ensuring that the company complies with all applicable laws and regulations
- Advising the board of directors on legal and commercial matters
- Representing the company in legal proceedings
The duty to submit an application for a license for manufacturing a new product is not necessarily a duty of a company secretary. This is because the application for a license is a commercial decision that is made by the board of directors. The company secretary may be involved in the preparation of the application, but they are not responsible for making the decision to apply for the license.
The other options are all duties that are typically performed by a company secretary. Option A is the duty to file a “return of allotment of shares” with the Registrar of Companies. This is a legal requirement that must be met when shares are allotted to shareholders. Option C is the duty to convene the first meeting of the Board of Directors. This is a meeting that must be held within 21 days of the incorporation of the company. Option D is the duty to convene the statutory meeting of the company. This is a meeting that must be held within 12 months of the incorporation of the company.