Impact of COVID-19 Pandemic on Company Secretaries: Challenges and Solutions
Challenges faced by Company
Secretaries during Coronavirus
and Lockdown period
By: Kajal Kapoor
Professional Programme
Registration No. 440262114/01/2015
The COVID-19 pandemic and strict lockdown in India have
affected Company Secretaries and their practices. Different issues have been
faced by both i.e. PCS and CS under employment like delays in compliance
procedures of corporate, Mental pressure, Stress, Salary cuts, Lack of
workforce inability to organize meetings etc.
Risk
Impact of covid-19 pandemic on CS practices
during Nationwide Lockdown period
Measures to control pandemic Impact on
Company Secretaries
The COVID-19 pandemic has significantly impacted Company Secretaries (CS) practices, leading to challenges such as lack of employees, safety risks, and decreased efficiency. Practitioners face job losses, salary cuts, and difficulties in finding new employment. Implementing flexible work options, remote work, and updated compliance procedures can help mitigate these challenges and ensure the safety of CS professionals.
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Presentation Transcript
Impact of covid-19 pandemic on CS practices during Nationwide Lockdown period Impact on Practising Company Secretaries Lack of employees and support team Risk of Employees safety Inability to get corporate clients and in maintaining client relationships less efficiency in the performance of executives Impact on Company Secretary in Employment Jobs are being wiped out Salary/Pay cuts Travelling Risk Difficulty in finding new jobs Issues faced by Migrants
Consider implementing flexible and remote work options (Work From Home, Video Conferencing) Relaxation in compliance procedures for companies by Government Update your travel and meeting policies and ensure the safety of working environments by thoroughly cleaning and disinfecting workplaces.
