Company secretary


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
17 January 2011 IF Companys share capital is more than Rs.5 crores & then also company is not having a member of ICSI and employed an inter CS as secretary then what r the consequences?

CS Taher (Expert)
18 January 2011 Then the Company has to pay fine of Rs 500 for every day till the company appoints a Whole time Company Secretary.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
18 January 2011 But sir manager was telling me that they cant afford a CS so anyone will say like that as it is mentioned in Secton 383A

CS Taher (Expert)
18 January 2011 In that case you have to appoint a Company Secretary in Practice as retainer,
A Retainer CS will advice you and help in filling & liasioning all legal documents.
The difference between Whole time and Retainership is the physical presence.
Whole time Company Secretary is physically present to advice matters whereas retainer is allways available for advice but he is not required to put daily attendence or work for fixed hours.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details