Court extends Company Secretary's term for one year based on performance and workload

The Court extended the term of the Company Secretary, Mr. Pramod Kumar Sabot, for an additional year from 05.12.2015 to 04.12.2016, or until further orders, due to the Official Liquidator's request based on satisfactory performance and increased workload.

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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.

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