A private company wants to increase it's paid up capital over 5 crores
What will be the consequences (like co. secretary, internal audit)?
What are the compliances of CARO, Co. Act etc.?
4 Replies
Dipjyoti Majumdar
(CA in service & CS. dipmaj@ rediffmail.com )
(3468 Points)
Replied 23 January 2012
Apppointment of CS section 383A; MD/WTD/Manager section 269.
CS Mitesh Mehta
(Company Secretary)
(17139 Points)
Replied 24 January 2012
Section 292A is not applicable to private companies.
Section 269 is applicable to private company which is subsidiary of public company.
Swagatam Khandelwal
(Company Secretary)
(107 Points)
Replied 24 January 2012
You only have to appoint a whole-time Company Secretary as per the provisions of Section 383A of the Companies Act. Rest are not applicable to a private company
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