After Commencement of Companies Act 2013- Rule 8A Dated June 09, 2014 says that Every Company having paid up capital of Rs. 5 crore or More, shall Mandatory appoint a whole time Company Secretary. And CS should be Appoint within 6 Months from the Commencement of Act. In india there is 36000 and above Company Secretaries, in which 18000 CS are in Practice and also CA or CMA. Remaining 18000 CS, in which 9500 and above already in Full Time Employment. After notified Rule 8A - from June 15 to till 15 September 2014... 3200 Company Secretaries appointed in the Companies as a Whole Time CS in Employment in 3 Months. I.e. Lumpsum 1065 CS Appointed per Month. According to MCA till August 2014, In India, 32000 and above Companies having Paid up Capital of Rs.5 Crore or More. And Which Companys Paid up Capital is Less than Rs. 5 Crore, that type of Companies also appointing Company Secretary for Good Corporate Governance. Now demand of # Company_Secretaries are increasing. In Future demand of CS will be increase more. 3,00,000 CS will be require in future. # Penalty For Non-Compliance of Section 203 I.e. Appointment of CS- Rs. 1,00,000 which may extend to Rs. 5,00,000 for Company. Rs. 1000 per day for officer who is in Default. Appointment of CS will be better for Company otherwise Pay Penalty. As per Companies Act 1956, Now Company Cant say to ROC that we are finding Experienced CS but we are not getting or our financial problem is weak and we cant effort. Now only penalty will be imposed. Now we can assumption that how much demand will be increase in future. Regards Pawan Malkani THE PERFECTION (LALKOTHI)
Posted on: Sat, 20 Sep 2014 15:00:09 +0000
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