Dear Valued Members,
A Pvt Ltd unlisted co. having auth capital of 15 lakh and turnover of 2crore, whether Digital Certification of Company Secretary required in MGT-7 this as the form is asking to affix DSC of Company Secretary. Please guide.
5 Replies
Madhwesh K
(272 Points)
Replied 22 October 2017
primarily form mgt.7 of all companies require DSC of a company secretary. if the company hasn't employed a full time CS, then a PCS can sign the form. the only exemption is for a "small company". it need not get it's form mgt7. digitally signed by either CS or PCS; only director's DSC enough. for definition of small company refer section 2(85) of companies act read with removal of difficulty order. in your case, if the company hasn't appointed a full time CS, then you can get a PCS to sign the form
venkata sudheer kambham
(unmarried)
(26 Points)
Replied 22 October 2017
in your case as per 2(85) turn over limit not satisfied so your company is not a small company
netra Muley
(2 Points)
Replied 24 October 2017
hello members,
in case of pvt. co. certification by pcs is required when capital is only 100000
in case of pvt. co. certification by pcs is required when capital is only 100000
CA. K George Philip
(Partner)
(226 Points)
Replied 15 December 2017
This is applicable only when the paid up capital is more than Rs.10crore OR turnover exceeds Rs.50 crore.
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