Requirement of whole time company secretary

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Avni R. Bhavsar (Querist)
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16 January 2013 A Private Limited Company having Equity share capital of Rs. 1531370 and Prefrence Share Capital of RS.250600000 is required to appoint Whole Time Secretary or not? I know about paid up capital limit of Rs. 5.00 crore but i have confusion about equity & prefrence capital. What to include in calculation of limit of Rs. 5.00 crore?
Please reply me.
Thanks.

Ajay Mishra

Ajay Mishra (Expert)
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16 January 2013 Hi

Paid up capital includes Equity shares and pref shares. For confirmation, check the balance sheet or annual return for paid up capital of the company.

if both, equity and pref share exceeds 5 crores then need to appoint a whole time CS.

vimal sharma

vimal sharma (Expert)
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03 May 2013 Agreed with Mr. Ajay