Company secretary vs. compliance officer

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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.

Ajay Mishra

Ajay Mishra (Expert)

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.

Ankur Garg

Ankur Garg (Expert)

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

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