Can a inter cs be a wholetime cs
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 May 2014
Can a Intermediate of CS be appointed as a wholetime CS in a Company whose paidup capital is less than 5.00 Crs.
05 May 2014
No CS Inter can not be appointed as Company Secretary since for becoming Company Secretary you need to have membership of the Institute.
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 May 2014
but COMPANIES (APPOINTMENT AND QUALIFICATIONS OF SECRETARY) RULES, 1988 permits Inter CS to be appointed as Wholetime CS based on Paidup Share Capital criteria.
06 May 2014
In my opinion, Rule 2(3) of COMPANIES (APPOINTMENT AND QUALIFICATIONS OF SECRETARY) AMENDMENT RULES,1988 permitts to appoint InterCS as CS if Paidup share capital is below Rs. 2.00 Crores.
Sanjayji, pls correct me if I am wrong.
Sanjayji, pls correct me if I am wrong.
06 May 2014
Yes Aalok Ji Inter CS could have been appointed as whole time Secretary under Companies Act 1956. The term used will be Secretary and not Company Secretary.
Under companies Act 2013 see section 2(24) alongside section 2(1)(c) of the Company Secretaries Act 1980. It defines company secretary as a person who is member of the Institute.
Under companies Act 2013 see section 2(24) alongside section 2(1)(c) of the Company Secretaries Act 1980. It defines company secretary as a person who is member of the Institute.
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