Appointment of whole time CS
This query is : Resolved
29 January 2010
Respected Sir / Madam,
Please provide your expert views on few doubts that I have regarding the appointment of whole time CS in a company u/s. 383A:
1-Should he/she be appointed as an employee-whether full time or part time, or the appointment can be on retainership / consultancy basis?
2-Should separate CS be appointed for every company of the same group or can a single person be appointed for all the companies belonging to a group?
Please provide your expert views on few doubts that I have regarding the appointment of whole time CS in a company u/s. 383A:
1-Should he/she be appointed as an employee-whether full time or part time, or the appointment can be on retainership / consultancy basis?
2-Should separate CS be appointed for every company of the same group or can a single person be appointed for all the companies belonging to a group?
Jagruti (CS)
(Expert)
30 January 2010
If company has paid up capital of 10 lacs or above but less than 5 crore than you can appoint retainershihp which can be one PCS for all company having paid up capital as per above limit.
But if the paid up capital is 5 Crore & above than you have to appoint CS as an employee. As one person can be CS for one Company at a time. So in ur group if there are more companies having 5 crore or more capital than seperate CS have to be appointed for each such company.
But if the paid up capital is 5 Crore & above than you have to appoint CS as an employee. As one person can be CS for one Company at a time. So in ur group if there are more companies having 5 crore or more capital than seperate CS have to be appointed for each such company.
CA Ravi Sisodia
(Expert)
30 January 2010
Agree with Jagruti
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