2016 (2) TMI 48 - HC - Indian Laws

Office of the Official Liquidator - extension of terms of Qualified Company Secretary - It is submitted that both the Company Secretaries have shown good performances in the daytoday compliance of Court orders, Merger and Amalgamation, dissolution of Companies, distribution of dividends and claims to the workers, IncomeTax matters, including outdoor duties and other administrative work assigned to them by the Official Liquidator, from time to time. - Held that - The term of the qualified Company Secretary Mr. Pramod Kumar Sabot shall be extended for a further period of one year, with effect from 05.12.2015 upto 04.12.2016, on the existing terms and conditions, or till further orders.

Summary

Issues:
Extension of tenure for a qualified Company Secretary.

Analysis:
The Official Liquidator sought directions for extending the term of a Qualified Company Secretary, Mr. Pramod Kumar Sabot, for an additional year or until further orders. The background provided stated that the engagement of Company Secretaries and Trainee Company Secretaries was approved previously by the Court. Mr. Sabot was initially appointed for a year, and his term was extended twice before the current request for further extension. It was highlighted that Mr. Sabot and another Company Secretary, Mr. Parag Dave, had performed satisfactorily in various tasks assigned by the Official Liquidator. However, due to increasing workload and staff shortage, the Official Liquidator requested the extension of Mr. Sabot's tenure, which was set to expire soon. The Court, after considering the submissions, decided to extend Mr. Sabot's term for another year from 05.12.2015 to 04.12.2016, maintaining the existing terms and conditions or until further orders. The report was allowed and disposed of accordingly.