The correct answer is C. To take loan in the name of the company.
A company secretary is a corporate officer who is responsible for the administrative and compliance functions of a company. They are appointed by the board of directors and are responsible
to the board. The company secretary’s duties include:- Maintaining the company’s records and registers
- Ensuring that the company complies with all applicable laws and regulations
- Preparing and filing the company’s annual returns and other reports
- Representing the company in legal proceedings
- Advising the board of directors on legal and compliance matters
The company secretary is not entitled to take loans in the name 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. Only the directors of the company have the authority to enter into contracts on behalf of the company.
The other options are all rights of the company secretary. A company secretary is entitled to direct, supervise and control the activities of the department. They are also entitled to sign documents requiring authentication of the company and to make representations on behalf of the company.