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What is the criteria for appointment of a CS in a company?
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Answer / csshailendra
As per the section 383A of the Companies Act 1956 every
Company having a paid up share capital of Rs 5 crores or
more should appoint a Whole time Company Secretary who is a
member of the Institute Of company Secretaries of India.
Further his Appointment should be made through a Board
Resolution and a Form 32 should be filled to the ROC within
30 days from the date of appointment.other wise a penalty
of Rs 500 per day wiil be imposed to the person in default.
| Is This Answer Correct ? | 8 Yes | 3 No |
Answer / deepa parmar
He must have a person who had complieted Company Secrety
course from ICSI Board and having a valid licence regarding
the same from the ICSI Board, for mor details plese refer
company secretaries Act 1988.. Eligiblity criteria had
refered in Sec. 2 (I) of company secretaries Act
| Is This Answer Correct ? | 2 Yes | 5 No |
Answer / deepa parmar
He must have a person who had complieted Company Secrety
course from ICSI Board and having a valid licence regarding
the same from the ICSI Board, for mor details plese refer
company secretaries Act 1988.. Eligiblity criteria had
refered in Sec. 2 (I) of company secretaries Act
| Is This Answer Correct ? | 1 Yes | 5 No |
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Benjamin O'Henry has owned and operated O'Henry's Data Services since its beginning ten years ago. From all appearances, the business has prospered. In the past few years, you have become friends with O'Henry and his wife. Recently, O'Henry mentioned that he has lost his zest for the business and would consider selling it for the right price. You are interested in buying this business, and you obtain its most recent monthly unadjusted trial balance which follows: O'Henry's Data Services Unadjusted Trial Balance November 30, 20XX Cash……………………………… $9,700 Accounts receivable……………………… 7,900 Prepaid expenses………… 2,600 Furniture, fixtures, & equipment 151,300 Accumulated depreciation $15,600 Accounts payable………… 3,800 Salary payable……………… Unearned service revenue 6,700 Benjamin O'Henry, capital 137,400 Benjamin O'Henry, withdrawals 2,000 Service revenue………… 14,300 Rent expense…………… Salary expense………… 3,400 Utilities expense……… 900 Depreciation expense Supplies expense…… Total…………………………………………. $177,800 $177,800 Revenues and expenses vary little from month to month, and November is a typical month. Your investigation reveals that the unadjusted trial balance does not include the effects of monthly revenues of $2,100 and monthly expenses totaling $2,750. If you were to buy O'Henry's Data Services, you would hire a manager who would require a monthly salary of $3,000. The most you would pay for the business is 20 times the monthly net income you could expect to earn from it. Compute this possible price. The least O'Henry will take for the business is his ending capital. Compute this amount. Under these conditions, how much should you offer O'Henry? Give your reason. I have the mathimatical part ok , please give reasons on how much and why I they would offer him the amount.
What is the criteria for appointment of a CS in a company?
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