Contractual Liabilities of company secreatry
Apart from thestatutory liabilities, the company secretary has certain liabilities to thecompany arising out of his contract of service with the company. These liabilitiesare known as contractual liabilities.
1. 2. 3. 4. 5. 6. 7. He is liable for anyfraud on the part of any of his assistants if it is proved that he is a paI1yto such fraud.