Appointment of whole time CS
This query is : Resolved
29 January 2010
Respected Sir / Madam,
Please provide your expert views on few doubts that I have regarding the appointment of whole time CS in a company u/s. 383A:
1-Should he/she be appointed as an employee-whether full time or part time, or the appointment can be on retainership / consultancy basis?
2-Should separate CS be appointed for every company of the same group or can a single person be appointed for all the companies belonging to a group?
Please provide your expert views on few doubts that I have regarding the appointment of whole time CS in a company u/s. 383A:
1-Should he/she be appointed as an employee-whether full time or part time, or the appointment can be on retainership / consultancy basis?
2-Should separate CS be appointed for every company of the same group or can a single person be appointed for all the companies belonging to a group?
30 January 2010
If company has paid up capital of 10 lacs or above but less than 5 crore than you can appoint retainershihp which can be one PCS for all company having paid up capital as per above limit.
But if the paid up capital is 5 Crore & above than you have to appoint CS as an employee. As one person can be CS for one Company at a time. So in ur group if there are more companies having 5 crore or more capital than seperate CS have to be appointed for each such company.
But if the paid up capital is 5 Crore & above than you have to appoint CS as an employee. As one person can be CS for one Company at a time. So in ur group if there are more companies having 5 crore or more capital than seperate CS have to be appointed for each such company.
30 January 2010
Agree with Jagruti
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- Tds on commission charges
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Applicability of GST on Salary Reimbursement Component
- Consolidated financials
- Need Professional Opinion AY 2012-13 Old Demand
- Withdrawal in cash from partners capital account by partner
- Renovation exp. in flat by family member
- TDS on TRUST
- Dep. as per companies act
- Salary from Qatar in Dollars in India
- CHECK RELATED
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Quick Links
Featured
12 September 2026
Assistant Manager - Finance & Compliance
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
ARTICLESHIP
01 September 2026
Articles
Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Foundation
View Details
ARTICLESHIP
07 September 2026
Article/ Paid Assistant
Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
View Details
ARTICLESHIP
07 September 2026
CA Articles
Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
View Details
Featured
11 September 2026
Audit Executive
RBSM Corporate Advisors Private Limited
Pune
CA
View Details
CCI
Pro
CAclubindia
