Company secretary vs. compliance officer
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 September 2013
Dear all,
I am working in a mid sized company. One Compliance officer was appointed 1 year back. he is semi qualified person (CS) but he is well experianced in the field. 6 months back the company appointed a company secretary (qualified). He has only 1.5 years experience. A cold war begun between them who capture the authority? The management kept silent and directed the compliance officer to take general admin work. the company is a unlisted public company. the company secretary wants the compliance officer should work under him. but the complinace officer afraid? how to resolve the issue? please help this is very very urgent.
I am working in a mid sized company. One Compliance officer was appointed 1 year back. he is semi qualified person (CS) but he is well experianced in the field. 6 months back the company appointed a company secretary (qualified). He has only 1.5 years experience. A cold war begun between them who capture the authority? The management kept silent and directed the compliance officer to take general admin work. the company is a unlisted public company. the company secretary wants the compliance officer should work under him. but the complinace officer afraid? how to resolve the issue? please help this is very very urgent.
06 September 2013
Hi
As you Know, the Listing Agreement deal with Compliance Officer Matter. In your case, company is not listed, so CS will be more powerful in compare to CO. So in case of unlisted company CS will be higher post than CO.
As you Know, the Listing Agreement deal with Compliance Officer Matter. In your case, company is not listed, so CS will be more powerful in compare to CO. So in case of unlisted company CS will be higher post than CO.
06 September 2013
Agree with expert.
CO is just for the purpose of Listing agreement compliances and a non CS can also be designated as CO for Listing agreement compliances.
But CS is altogether a separate professional qualification which has wider scope.
Thanks
CO is just for the purpose of Listing agreement compliances and a non CS can also be designated as CO for Listing agreement compliances.
But CS is altogether a separate professional qualification which has wider scope.
Thanks
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