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Earlier the company secretary was no better then a mere clerk and any petty officials of the company can do his work. In the modern era of liberalization ans globalization, the company secretary is expected to be a multi dimensional personality. The function of a company secretary did not posses an identity of his own. Not much significance was attached to his work. I fact he was considered to be no more than a clerk, a mere servant, whose job was to do what he was told to do and he had no authority to take a decision or issue a statement on behalf of the company. Any petty officials of the company could be asked to perform the functions of the secretary as well. But now the company secretary has some to assume an important position. He is now entrusted with extensive duties and responsibilities. In the fast changing economic scenario in which globalization and liberalization are the key words much of a company’ success is determined by the caliber, commitment and integrity of its company secretary. The increasing complexity and sophistication of business transaction that we witness everyday warrant of powerful company secretary capable of taking up the challenges of the corporate world with determination and tact. The company secretary is the principal of who ensure statutory compliance of the company. But the new breed og company secretaries posses integrated knowledge of multiple disciplines of law, management, finance and corporate governance and can acts as integrated corporate managers. They give advice and guidance to the company on legal and governmental aspects o business pertaining to production and marketing and administration, like the directors whom they report, they are also required to measure uo to a growing duty of care and skill, matched by a higher risk of personal liability. The company secretary acts as an effective and trustworthy channel of communication between the management and employees. On the one hand he tries to sense the genuine needs of the employees liaises with the management for their timely fulfillment. On the other he communicates with the employees to ensure adherence to do work ethics so that a conductive and congenial work environment can be created in the company . Staffing is another important area in which the company secretary plays an important role. He actively participates in the internal organizations, training and development of the employees to work for maximizing productive efficiency. The company secretary is solely responsible for effective communication with the out side world. He ensure that ht company continued to have harmoniuos and satisfactory relationships with its share holders, debenture holders and any financial institutions that has a stake I the company. Each communication that goes out of the company must improve its image and enhance its reputation. So each communication must be drafted with great care it means that we need secretaries with innovative interaction techniques to win over each sector of the outer world the company deals with. To conclude of a company secretary is very significant, for it is he who is its over all caretaker. His confines are unlimited, his concerns are vast. The process of liberalization means transfer of power from the state to the share holders, ending bureaucracy and bringing I openness and transparency In the ultimate analysis company secretary who with his managerial skills and ability to supervise different areas of the corporate sector will be able to give a positive direction to the new economic order.