MCA removes compliance certificate requirement for private limited companies and other changes
The situations are going to be very tough for new company secretary professionals. The companies with capital above 10 crore rarely hire a new CS, they go with big CS.
Many compaigns are started by practicing company secretaries, students to cancel the said provisions of the rules.
Company Secretery professionals and CS Students are furious on facebook. The heat can be felt there.
Some professionals are suggesting to use the Black Dot as profile picture to protest against the new rules.
On one side, the new rules will simplify the compliances and are business friendly; on other side the new rules will create unemployment and decrease the oppurtunities for fresh CS professionals.
The latest update:
Sachin Pilot, the Minister of MCA have personally assured the ICSI to take care of the matter and ICSI is doing the work to get the difficulties removed.