Appointment of company secretary in subsidiary company
This query is : Resolved
18 May 2016
As per Section 203 and Rule 8A (Appointment and Managerial Remuneration rules ) Rules 2014, Can Anyone provide me an opinion whether same Company Secretary become whole time CS in both Holding and Subsidiary Company?
If yes, then are we suppose to file Form MGT-14/ DIR-12/ MR-1 for same?
If yes, then are we suppose to file Form MGT-14/ DIR-12/ MR-1 for same?
Jatin Bajaj
(Expert)
18 May 2016
According to section 203(3), A whole Time KMP shall not hold the office in more than one Company except subsidiary Company at the same time.
So, yes he can be appointed in Subsidiary Company as well.
Yes he needs to file Form MR 1 within 60 days of appointment
MGT 14 within 30 days of appointment
DIR 12 within 30 days of appointment
So, yes he can be appointed in Subsidiary Company as well.
Yes he needs to file Form MR 1 within 60 days of appointment
MGT 14 within 30 days of appointment
DIR 12 within 30 days of appointment
18 May 2016
Thank you so much Jatin ji for your instant views, may i know whether ICSI permits for same?
Jatin Bajaj
(Expert)
18 May 2016
YA, IT IS PERMITTED AS IT IS MENTIONED UNDER THE ACT
18 May 2016
If you dont mind, will you be able to share the screenshot or attachment mentioning about the subject matter?
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