1.

There are certain circumstances when a secretary has to correspond with depositors.

Answer»
  • Depositors are the creditors of the company and not the owners.
  • Frequent correspondence with depositors is not required as they do not participate in the management of the company.
  • The company secretary has to conduct correspondence with depositors regarding the acceptance of deposits, payment of interest on deposits, renewal of deposits, repayment of deposits, and so on.
  • Secretary conducts such correspondence on behalf of the company and also as per the instructions of the Board of Directors.
  • The secretary should be very cautious and careful while corresponding with depositors of the company.
  • Thus, it is rightly justified that the secretary has to correspond with depositors on certain circumstances.


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