Lodr -sebi

This discussion clarifies the mandatory role of a Company Secretary (CS) as a Compliance Officer, particularly for listed companies under SEBI LODR regulations. While CS professionals are legally responsible for ensuring statutory compliance and good corporate governance, their actual authority can be limited in family-run businesses, potentially making them a 'paper tiger'. Despite these challenges, CS must exercise independent judgment and uphold professional standards, as failure to do so can lead to personal liability and penalties.