Cs appointment

Pvt ltd 419 views 2 replies
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Deputy Manager
77 Points Joined January 2009

Hi,

Please help me regarding the following Query:-

Weather retainership appointment of PCS can be considered as whole time appointment as per CA Act 2013?  

Suppose any Pvt Ltd Co (above 5 Cr Capital) appoint retainership PCS instead of whole time CS.

It is acceptable because as per CA act 1956 lot of cos. following these practices.

Is there any provision for the same?

Please Guide.

 

Thanks in advance

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On 02 August 2014 at 16:40 Report
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Registered independent director Past Ch
8229 Points Joined March 2007

No it is not possible.  CS must be in the wholetime employment of the company.  Employer-employee relationship is must.

 

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On 03 August 2014 at 21:19
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Practising Company Secretary
12562 Points Joined May 2011
Hi Sagar, That was done in view of the CA 1956....However with the advent of CA2013, such a thing is not at all possible....the CS should be in whole time employment of the Company.
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On 04 August 2014 at 11:38


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