appointment of c s

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Raghupathy M (Querist)
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07 February 2010 Sir
Paid up capital crossed 2crs on may,2005. Now the same is 3crs. What will be the action for violation period for the NON APPOINTMENT OF FULL TIME c s? ad calling for c s given and the same also minuted in Board meeting. ROC inspection is goin on pl help......

Rasesh

Rasesh (Expert)
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08 February 2010 It shall be a defence to prove that all reasonable efforts to comply with the provisions of sub-section (1) of 383A were taken or that the financial position of the company was such that it was beyond its capacity to engage a whole-time secretary.

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Ankur Garg

Ankur Garg (Expert)
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08 February 2010 Quite a practical suggestion. Go for it.

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