Once the Paid-up capital exceeds Rs. 5 Crore, within how much time the Company has to appoint CS ?
Its 1 year or 6 month ?
Please reply with such circular of section.
Regards
Anshu
4 Replies
CS Rajveer Rai, Gurgaon
(CS)
(646 Points)
Replied 16 April 2012
there is no prescribed time period you should appoint as soon as possible
prakash
(Company Secretary)
(1352 Points)
Replied 16 April 2012
According to rule 2 of companies (appointment of Company secretary Rules) 1988, where the paid up share capital of such company is increased to required amount , the company shall, within period of one year from the date of such increase, comply with the provisions of sub- rules (1) and 2(2) of rules2.
So company secretary is required to be appointed within period of one year from the date of such increase.
prakash
(Company Secretary)
(1352 Points)
Replied 16 April 2012
Companies (Appointment and qualifications of secretary) Rules, 1988
Anshu Shrivastava
(company secretary)
(143 Points)
Replied 16 April 2012
thank you so much sir for clarifying the doubt
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