Rule for appointing c.s
This query is : Resolved
20 April 2015
Dear Sir,
i would like to know about the appointment of Company Secretary in public and pvt co.
every listed and public company required to appoint C.S if paid up capital is Rs. 10Cr. or more.
i would like to know about the appointment of Company Secretary in public and pvt co.
every listed and public company required to appoint C.S if paid up capital is Rs. 10Cr. or more.
20 April 2015
yes you are right dear....
20 April 2015
but i have heard from somewhere that this got amend by MCA. now limit is 5Cr. or more
which is correct i am getting confuse
there is any notification publish by MCA on 9th June 2014 for same.
which is correct i am getting confuse
there is any notification publish by MCA on 9th June 2014 for same.
23 April 2015
Yes, as per Rule 8, every listed company and a public company whose paid up capital is more than Rs 10Cr are required to appoint KMPs (i.e. all three persons including CS).
But pursuant to an amendment dated 09th June 2015, new rule 8A has been added which says...A company other than a company covered under rule 8 which has a paid up share capital of five crore rupees or more shall have a
whole-time company secretary.
That means all private companies whose paid-up capital is more than Rs 5 Cr shall be required to appoint only CS (and not other KMPs).
But pursuant to an amendment dated 09th June 2015, new rule 8A has been added which says...A company other than a company covered under rule 8 which has a paid up share capital of five crore rupees or more shall have a
whole-time company secretary.
That means all private companies whose paid-up capital is more than Rs 5 Cr shall be required to appoint only CS (and not other KMPs).
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