If a company is a private limited company and incorporated in may 2013. If its paid capital was increased above Rupees Five Crores on 06/02/2014. As the requirement of paid up capital for appointment of KMP as per compaines act 2013 is increased from Rupees Five Crores to Rupees Ten Crores from 01/04/2014. So I have a doubt whether the company has to appoint a company secretary and managing director although the limit of paid up capital increased to Rupees Ten Crores from 01/04/2014.
Experts views are solicited,
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