Question: Can A CS Be Appointed In Two Companies?

How many Cs are required in a company?

Hence, every company which has a paid-up share capital of Rs 10 Crore or more is mandatorily required to appoint the whole time CS (Company Secretary)..

Can a person be CFO of two companies?

A CFO shall invariably be considered as KMP of a company. … Every whole-time key managerial personnel shall not hold office in more than one company except in its subsidiary company at the same time. However, he can be a director of any other company with the permission of the Board.

Is doing Cs worth it?

Employers expect you to possess knowledge well beyond the historic parameters of a regular CS. So you may have to pursue other areas like achieving an LLB. Not to discourage you from the course, but it is a hard road ahead, although the payback and success that you achieve is well worth it.

What is the salary of CS per month?

Pay Scale/Salary of Company Secretary (CS)Job ProfileStarting Salary per annum (in INR)Senior Level Salary per annum (In INR)Company SecretaryRs. 3,00,000Rs. 9,00,000 – 12,00,000Legal AdvisorRs. 3,00,000Rs. 10,00,000Principal SecretaryRs. 3,00,000Rs. 9,00,000 – 12,00,000

Is CS valid abroad?

Scope for CS Abroad Still, it is necessary to mention that, having an Indian degree and work experience can help you in so many ways. You can get exemptions and benefits wherever you are with those. There are company secretaries working in Malaysia, Thailand, Canada, New Zealand, USA, UK, MENA etc.

Can a person be appointed as MD in two companies?

Whether a person can be appointed as Managing Director in more than one Company. As per 203(3) third proviso, Yes a person can be appoint as MD even he is already MD/Manager in one other Company and not more than one subject to condition.

Can you have 2 company secretaries?

There is no longer a requirement to have a company secretary however you may add one if you wish. You may appoint one or more secretaries for your company. … It is no longer essential to nominate a company secretary however if you do then you will need to provide the secretary’s full name and service address.

What is the position of company secretary?

Principally, the company secretary ensures the company complies with company law, maintains certain statutory registers and makes the necessary filings with the Registrar of Companies such as annual returns, financial statements and certain forms with respect to changes to share capital etc.

Can CFO be appointed as company secretary?

Alagarswamy has been appointed as Company Secretary & Compliance Officer and Chief Financial Officer of the Company pursuant to Section 203 of the Companies Act, 2013 and Regulation 6(1) and other applicable regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) …

Who can be appointed as CFO?

The CFO may be appointed either by the board of directors or by the managing director unless such person is designated as a key managerial person under section 203. As per the provisions of section 203 every public Company having a paid up share capital of Rs.

Which companies are required to appoint company secretary?

The Corporate Affairs Ministry (MCA) has brought clarity into the appointment of company secretaries by private companies. It has now stipulated that all private companies with a paid-up capital of ₹10 crore or above should have a whole-time company secretary.

Can CS and CFO be the same person?

Currently, CFOs who double up as CS for their organisations have their hands full. “A CFO who is also the Company Secretary is the Chief Compliance Officer, Chief Risk Officer and Chief Strategist of the Company all rolled into one,” says Pawan Agrawal, CFO and CS for Power Exchange Ltd.

Does a company secretary have the same rights as a director?

Director and secretary – There is no prohibition in the Act on a person acting both as director and secretary of a company. … Company secretaries fall under the definition of ‘officer’ of a corporation (s 9 of the Act), so they have many of the same duties and obligations as directors.

Can a CS become CEO?

CS holds a very high rank or position in a firm and also comes right next to the CEO and Managing Director, and whole-time directors. A company secretary can be the CEO of the company too, which keeps his/her position close to the board of directors.

Can the same person be director and secretary?

Yes, the Director can be appointed as a Company Secretary although the Company Secretary is no longer a mandatory appointment. However, in the case of a PLC the company needs to have two Directors AND a Company Secretary.