14 February 2017
if the paid up share capital of the Company is more than 10 crore rupees or more , then first of all as per section 203, Read with Rule 8a of Appointment and remuneration of managerial personnel rules , every private company shall hav ethe whole time Company Secret ary. Secondally if the Private Company is having paid up share capital of rs. 10 crore rupees or more then company has to file the financial statement in XBRL Mode in form AOC 4
Thirdly if Private Company is having paid up share capital of Rs. 10 crore rupees or more then annual return of the private company needs to be certified by the practsing company secretary in form mgt 8. if the paid up share capital also exceeds rs . 20 crore rupees or more then private company mandatory needs to follow the procedure for rotation of auditor as per rule 5 of companies audit rules and section 139 of the companies act.
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