12 June 2014
Completely agree with what Nikhil Ji said. Value of professional is not dependent on any Notification. Rules are meant to be changed and the notification you are talking about has been modified yesterday.
The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 have been amended to include every company with a paid-up share capital of five crore rupees or more to have whole-time company secretary. This shall take into force w.e.f. 09th June, 2014. The earlier Rules notifed w.e.f 01st April, 2014 have included only listed company and every public company with a paid-up share capital of ten crore rupees or more to have whole-time key managerial personnel.
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