Jayanta Bandyopadhyay 23 December 2024
As per LODR employee one rank below BOARD OF DIRECTORS, generally Company secretary is appointed as Compliance officer. However, in most family run business houses, CS has no major authority / Power. Lameduck person. But for default. CS is held responsible. Is it worth?
Yasaswi Gomes 19 January 2025
It depends on the responsibilities vetted
Jayanta Bandyopadhyay 19 January 2025
Unfortunately, most Companies take CS as compliance obligation. Role is paper tiger Even PCS is Also taken on ride
Yasaswi Gomes 19 January 2025
Coming to think of it, during bankruptcy, it's a governance and compliance issue if it's related to shareholders or products or quality compliances. If the business goes bankrupt due to recession, or other reasons, you'll not be held responsible.
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