What is the difference between corporate lawyer and company secretary?
It is the prime responsibility of a Company Secretary to guarantee that the company meets the legal obligations whereas the lawyers assist people by being in lieu of them on legal matters. A Company Secretary is an advisor of legal affairs in a corporate setup whereas a lawyer does the same in a Court of Law.
Are corporate and business lawyers the same?
The difference between corporate and business law is that corporate law is a body of law focusing on how corporate entities are formed and managed. Business law is a general category that covers several areas of law such as employment law, contracts, taxes, and commercial transactions.
What is the job of a corporate lawyer?
Corporate lawyers are tasked with safeguarding the legality of commercial transactions, representing corporations and advising corporate employees on their legal duties and responsibilities. Because corporate law covers a broad range of topics, corporate lawyers often specialize in one or more areas.
What is the difference between legal advisor and company secretary?
Legal advisors follow Company law and also resolve disputes in different industries. Company secretaries work as administrators and consultants in companies. Legal advisors work as consultants with many companies. The different laws such as company law, SEBI, FEMA, and Banking laws govern the corporate governance.
Can a lawyer become company secretary?
So, a lawyer must have the knowledge of the diverse areas. A law student purses Company Secretaryship course in order to have better understanding of corporate compliances. The course is well structured by the Institute of Company Secretaries of India and conducts all the examination concerned with it.
What do you understand by corporate and business law explain?
Business Law is also known as Commercial law or corporate law, is the body of law that applies to the rights, relations, and conduct of persons and businesses engaged in commerce, merchandising, trade, and sales.