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Cs appointment

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sagar

Deputy Manager

52 Points Posted on 02 August 2014

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

Replies (2)

P C Agrawal

Registered independent director Past Ch

5233 Points Posted on 03 August 2014

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

Vandana J Doshi

Practising Company Secretary

8218 Points Posted on 04 August 2014

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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