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Company secretary

Prateek Agarwal (Sr. Executive - Finance & Accounts) (1732 Points)

17 April 2012

Dear Every1,

I am a qualified C.S. but don't have a CP.

I am working as an Executive in a PVT LTD company which wants to appoint me as its CS.

Can i be appointed?

Please do reply.

Regards

Prateek

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9 Replies

CA Rakesh Goenka (CA & CS) (872 Points)
Replied 17 April 2012

ok if you have membership number Of ICSI then you can appoint As CS of any company ................

1 Like

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SOUMIT GHOSAL (STUDENT) (27 Points)
Replied 18 April 2012

i want to incorporate a company whose mainobject is "it" (software). i want to know that what is the minimum authorised capital for this company.

CS Smriti Sharma (ACS, B Samrish & Co.) (880 Points)
Replied 18 April 2012

Minimum authorised capital will be Rs 1,00,000 for pvt ltd.

(Guest)

Minimum Authorised Share Capital required for Companies in India

1. For a Private Limited company – Rs. 100,000

2. For a Public Limited company – Rs. 500,000

There are certain other details that you must know before selecting the name of your company.

In order to use certain prescribed words in the ‘names’, the companies should comply with the provisions stipulated by Ministry of Corporate Affairs with regard to minimum Authorised Share Capital that needs to be fixed at.

Here’s the list of prescribed minimum authorised share capital amount for use of certain words in the name (Amount in Rs.):

*5 lacs – For the words Hindustan, India, Bharat within the name (with or without bracket).

*10 lacs – For the words Enterprise, Products, Business and Manufacturing

*50 lacs – For the words International, Global, Universal, Continental, Intercontinental, Asiatic, Asia used within the name (with or without bracket).

*50 lacs – Hindustan, India, Bharat, being the first word of the name

*1 crore – International, Global, Universal, Continental, Intercontinental, Asiatic, Asia as first word, and the word Industry and Udhyog anywhere in the name.

*5 crore — The word ‘Corporation’ anywhere in the name.

- Please refer MCA circular no. 27/1/87 dated 13-3-1989, for further details.

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Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com ) (3468 Points)
Replied 19 April 2012

Where is the problem, Prateek ? The point to b noted is after you are appointed as CS, you need to attend some of the Workshops/seminars conducted by ICSI through its chapters/regions for CPE Hours.

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Prateek Agarwal (Sr. Executive - Finance & Accounts) (1732 Points)
Replied 19 April 2012

Hi,

The problem is that I don't have the Membership of ICSI.

I just want to know whether I can become a CS of my PVT LTD co.??

Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com ) (3468 Points)
Replied 20 April 2012

In order to be an employed CS, ACS/FCS no. is must. As you are a CS Final passed apply for membership, if you have undergone 15 months MT. Or apply for exemption as you are employed for sometime. You can speak to the Membesrhip cell of ICSI in this regard.