Posts

Showing posts with the label Practicing CS can be appointed as Nominee director
Image
PRACTICING COMPANY SECRETARY (CS) CAN BE APPOINTED AS A NOMINEE DIRECTOR : A Company secretary, in practice, can hold the position of a director in a company. They can be appointed as a Nominee Director by a promoter company, financial institution, or the government. Elaboration: Nominee Director: A Nominee Director is appointed by a shareholder, financial institution, or government entity to represent their interests on the board of directors of another company. They are typically appointed under the Companies Act, 2013, in furtherance of an agreement or law. Practicing Company Secretary: A Company Secretary in practice is a qualified professional who provides advisory and consulting services to businesses related to company law, governance, and compliance. Appointment: The board of directors of a company can appoint a Nominee Director, including a CS in practice, subject to the company's articles of association. The appointment can be made by the board, the promoter company, a fi...