P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 12 April 2014
As the term itself implies, compliance officer must first be an officer of the company. PCS is a consultant and can be authorised representative of the company in various matters before various authorities. However, he cannot be an officer of the company. [Ref. Sec. 2(59) of Companies Act 2013]. Hence the question of PCS being appointed as compliance officer does not arise.
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