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Appointment of full time cs sec.203 c.a.'2013

Co Act 2013 418 views 1 replies

Ravi Shankar Sharma

Service

35 Points Joined March 2015

Dear Experts,

I want to Know if a CS in full time employment resigns from the office w.e.f 31.3.2015 and it may take 20-30 days in Filling the Vacancy by the organisation,and thus on 01.04.2015 the Office is Vacant and No Full Time CS is employed?? Will That be Considered as an Contravention of Sec 203 C.A.'2013??? Please Elaborate with Penalties and Prosecution..and if this is not in contraventioned what shall be done??

Thanking You

CS Ravi Shankar Sharma

Read more at: /experts/modify_message.asp?entry_id=956580

Replies (1)

CS Durgesh Soni

COMPANY SECRETARY

88 Points Joined April 2014

Dear Ravi,

Section 203(4) of the Companies Act, 2013 clearly gives answer of your query. The wordings are like "If the office of any whole-time key managerial personnel is vacated, the resulting vacancy shall be filled-up by the Board at a meeting of the Board within a period of six months from the date of such vacancy."

Thanks & Regards,

CS Durgesh Soni