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?

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

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


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details