While filing MR-1 for the appointment of CS in a listed Company, is it mandatory to attach appointment letter from Nomination & Remuneration Committee for the said appointment with it? If yes, Kindly send me a format for the same.
Menu
Appointment of cs in a listed company
Replies (6)
Ms. Jayanti,
yes its mandatory for them to attach appointment letter.
I suppose attachment of appointment letter is not mandatory. The Board resolution approving the appointment of CS / KMP would suffice the requirement. The appointment letter may contain terms and conditions specific to a Commpany, which is not required to be given into public domain. Also, Nomination & Remuneration Committee is empowered only to recommend appointment (Sec 178(2) of the Act) and decision of the Board would be final.
It is not Mandatory, but it is attached for good corporate governance.
I was responding to whether it is not mandatory or not. Also practically, am not sure how many company secretaries would want to have their appointment terms and conditions in public domain, although the remuneration particulars would be available in Director's report at the end of the financial year.
The board resolution is enought to file the form. Appointment letter is not mandatory.
File MR-1 with
1. True Extract of Board Resolution
2. Consent Letter of Company Secretary
Regards,
Arjun Rajagopal
Recent Topic
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
Related Topics
CAclubindia
