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Non appointment of cs

476 views 1 replies

Priya Garg

850 Points Joined September 2018

Hello all

One query

If a company having paid up.capital of more than 5 crore and company is having less business work and company don't want to appoint cs but it is necessary as per companies act so is there is any provision or way the company will not have to.appoint cs

Replies (1)

Rohit Tibrewal

Student

3193 Points Joined February 2011

1. All Listed Companies (Rule 8 Companies Appointment & Remuneration of Managerial Personnel Rules, 2014)
2. Every Public Company having paid-up share capital of Rs. 10 Cr. or More (Rule 8)
3. Every other Company having paid-up share capital of Rs. 5 Cr. or More(Rule 8A)

CRUX:

Therefore every company which has a paid-up share capital of Rs 5 Cr. or more is compulsorily required to appoint whole time Company Secretary.