Appoint company secretary for a public limited company is compulsory and it is optional for a private limited company.
A public limited company (PLC) must appoint a company secretary as required by the company law. It is the duty of your company directors to take all reasonable steps to secure that your company secretary has the requisite knowledge, experience and qualifications.
Skills and qualifications
Skills and qualifications required of a company secretary for a PLC is detailed below.
- The secretary has held office of secretary of a public limited company for at least three of the five years immediately proceeding his appointment as your company secretary.
- He/she is a barrister, advocate or solicitor called or admitted in any part of the United Kingdom.
- He/she is capable of discharging the functions of a company secretary.
- He/she is a member of any of the professional bodies.
Professional qualification required of a company secretary: The Institute of Chartered Accountants in England and Wales (ICAEW)
- The Institute of Chartered Accountants in Scotland (ICAS)
- The Association of Chartered Certified Accountants (ACCA)
- The Institute of Chartered Accountants in Ireland
- The Institute of Chartered Secretaries and Administrators
- The Chartered Institute of Management Accountants (CIMA)
- The Chartered Institute of Public Finance and Accountancy
As mentioned earlier, appointment of a company secretary of a private limited company is optional and if you wish to appoint a company secretary, the person does not have to have a professional qualification to that of a company secretary for a PLC.