In a PVT Ltd Co. there are two directors out of which one is a additional director???
Is this any default on the part of a Company Secretary and to what extent he is liable for it???
2 Replies
CA Sandeep Kumar
(Audit Assistant)
(804 Points)
Replied 05 April 2011
Whats wrong in one being additional director in a company having 2 directors? Why should CS be penalised?
It is fine i guess,.
Jayashree S Iyer
(Company Secretary)
(3224 Points)
Replied 06 April 2011
Since it's a private company there was no need to appoint the director as additional director, he could have been appointed as a regular director by the Board. Anyway no problem in having an additional director in the Board. No default on the part of the company or CS so long as the strength of the Board is not reduced below 2.
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