Retaining the services of a company secretary ensures expert management of secretarial tasks based on agreed terms of payment. While not mandatory for all companies, failure to appoint one can result in directors assuming full responsibility, subjecting the company to penalties under the Companies and LLP Act.

Company secretarial Retainership is vital for legal compliance and involves a secretary playing a crucial role in managing various administrative tasks. This arrangement not only supports the company's progress but also enables practicing secretaries to extend their services to smaller companies lacking a full-time secretary.

1. Statutory Compliance: Ensuring compliance with all relevant laws, regulations, and statutory requirements pertaining to the company's operations, such as filing annual returns, maintaining statutory registers, and updating corporate records.
2. Corporate Governance: advising on corporate governance best practices and assisting with the organization and conduct of board meetings, including drafting agendas, minutes, and resolutions.
3. Company Administration: Handling administrative tasks related to the company's secretarial function, such as managing correspondence, maintaining official records, and facilitating communication with shareholders and regulatory authorities.
4. Regulatory Updates: Keeping abreast of changes in company law, regulations, and governance standards that may impact the company's operations, and providing timely advice and guidance to ensure compliance.
5. Ad Hoc Support: Providing ad hoc support and guidance on various company secretarial matters as they arise, including corporate transactions, restructuring, and other special projects.