Whole time cs as consultant


This query is : Resolved 

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This discussion clarifies whether a full-time Company Secretary (CS) can also work as an individual consultant for a government company, even if the company hasn't met the Rs. 10 crore paid-up capital threshold yet. The consensus is that this is permissible. However, if the threshold is met later, the individual should be appointed as a CS and obtain a Certificate of Practice (COP). If the CS is already acting as a CS for one company and a consultant for another without a COP, a new CS should be appointed for the consultancy role.

(Querist)
09 August 2021 Can a whole time company secretary (although form filed for appointment but company hasn't reached the threshold of paid up of 10 cr) act as an individual consultant (not having cop) to a government company on retainership basis?

09 August 2021 Yes, no problem in appointing as consultant.

Palak (Querist)
09 August 2021 Sir even if the threshold of paid up of Rs. 10 crores is reached after 2-3 months?



09 August 2021 In such a case appoint him as company secretary. Ask him to obtain COP.

Palak (Querist)
09 August 2021 sir he is acting as a company secretary in company A and consultant in Company b(a govt co) without COP.

09 August 2021 In such a case appoint a new company secretary.


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