Table of Contents
Can a CS become a director?
The Council of the Institute at its 156th Meeting held on March 19-20, 2005, in exercise of its powers under regulation 168 of the Company Secretaries Regulations, 1982 has accorded general permission to its members in practice to become non-executive director/promoter/promoter director/subscriber to the Memorandum and …
What qualifications do you need to be a managing director?
A proven record of success in senior level general or commercial management, preferably in a related industry. At least 10 years’ senior level experience of management of people and resources. Graduate level of intellect preferably with a higher degree in a management discipline or a professional qualification.
Who can be managing director of a company?
Company may appoint or employ a person as its managing director, if he is the managing director or manager of one, and of not more than one, other company subject to, such appointment or employment is approved by a resolution passed at a meeting of the Board with the consent of all the directors present at the meeting.
Can secretary and director be the same person?
A company secretary can also be a director as long as they fulfill the obligations and responsibilities required of both roles. There are many advantages and disadvantages of having the same person do both roles however ultimately it is the decision of the director and who they want to appoint.
Can a CS earn in crores?
Most of our respected senior Company Secretaries are earning more than One Crore Annually. In Self Practice initially one can earn 15000/- per month but after experience of 5-10 years in practice one can earn Rs. 1 lac to Rs. 5 lac per month depends on scale of work handling and knowledge in field.
What’s higher than Managing Director?
Managing directors have the highest rank within the company and have the authority to fire the executive director. If the company lacks a managing director or CEO, the executive director takes the spot as the highest-ranking company official.
Can you be a company secretary without being a director?
The roles of director and secretary in a company are not the same and involve different responsibilities. However, a director can also act as a company secretary, provided they carry out the necessary duties and obligations of both roles. A public company must have at least one company secretary.
Can a company secretary be an executive director of another company?
There is no provision in Companies Act, 2013 that prohibits the same. There are many people who are in employment elsewhere and become director in their own company. Thus a company secretary can be appointed as an executive director of other company.
Do I need a company secretary for a proprietary company?
As mentioned previously, a proprietary company does not have to appoint a company secretary, and directors can assume the reporting and notifying responsibilities that a secretary would typically undertake. However, a separately appointed company secretary can take a more thorough and rigorous approach to manage the role’s duties.
Do I need a company secretary in Australia?
At least one company secretary must ordinarily reside in Australia. A proprietary (private) company does not need a company secretary, but each director must assume the responsibilities of the secretary if one is not appointed.
Can an MD – CS also be a company secretary?
If the intention of the legislature had been to appoint an MD – CS it would have provided much differently. Article 77 (ii) in Table F visualises that a director can be appointed as a CEO, manager, company secretary or CFO. It has not provided that an MD or WTD or CEO or a CFO can also become a Company Secretary.