WHOLE TIME COMPANY SECRETARY

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Hiral (Querist)
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07 May 2009 As per Section 383A(1) of Companies Act,company having a paid-up share capital of rupees twenty five lakhs or more is required to hv a whole time company secretary.
Does it mean the company should hv CS for full year or evn for part of the year is valid.

Deepak Agrawal

Deepak Agrawal (Expert)
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08 May 2009 Refer below (I have replied three times by mistake as error occured after i submitted.)

Deepak Agrawal

Deepak Agrawal (Expert)
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08 May 2009 For answer refer below

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Deepak Agrawal

Deepak Agrawal (Expert)
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08 May 2009 For lifetime from the day (which may be in middle of the year) its paid up capital reaches Rs. 25 Lakhs or more.

Here question of full year or part year do not come.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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08 May 2009 For your information ,apart from the specific query,Rs 25 lakhs has been amended several times. The latest,among others, is in the following link http://www.mca.gov.in/MinistryWebsite/dca/notification/pdf/GSR11(E)_20jan2009.pdf

Ankur Garg

Ankur Garg (Expert)
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09 May 2009 You guys really need to update your knowledge regarding limits of 383A.

CS is appointed for lifetime if paid up share capital is more than Rs. 2 crore.

With effect from 11-6-2002 every co. having paid up share capital of Rs. 2 crore and above shall have a whole time CS.

Regards

Ankur Garg

Ankur Garg (Expert)
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