Secretary of a Joint Stock Company and Secretary of a Co-operative Society.

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answered Dec 29, 2021 by Alin Maria (43.0k points)
selected Dec 30, 2021 by PavaniAgarwal

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Basis	Secretay of a Joint Stock Company	Secretary of a Co-operative Society
1. Meaning	A company secretary is an individual, having prescribed qualifications, appointed by the Board of Directors to carry out ministerial and administrative duties.	A secretary of a Cooperative society is appointed by the Managing Committee to carry out administrative and secretarial duties.
2. Position	He is one of the members of the Key Managerial Personnel.	He is a member of society and voted to become a secretary.
3. Appointment	He is appointed by the Board of Directors.	He is appointed by the managing committee.
4. Qualification	A company secretary must possess the prescribed qualification i.e. Associate Membership of the Institute of Company Secretaries of India (I.C.S.I.)	There is no prescribed qualification for a secretary of a Cooperative society.
5. Government Act	A Joint Stock company is governed by the Indian Companies Act, 2013.	A cooperative society is governed by the Cooperative Societies Act, 1960, and the bye-laws adopted from time to time.
6. Remuneration	Being an employee of a company he gets a salary.	A secretary of a Cooperative society gets a salary if he is appointed as an employee of the Cooperative society. But if he is a member of a managing committee then he gets an honorarium.
7. Basis of Appointment	Generally, a company secretary is appointed on a full-time basis.	A Secretary of a Cooperative society may be appointed on a full-time or part-time basis.