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.
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?