Appointment of CS for Pvt Ltd
This query is : Resolved
29 December 2009
When is the CS appointment is compulsory for Pvt ltd Company.
Ankur Garg
(Expert)
29 December 2009
A company having a paid up share capital of two crore rupees or more but less than five crore rupees may appoint any individual who possesses the qualification of membership of the Institute of Company Secretaries of India constituted under the Company Secretaries Act, 1980, as a whole-time secretary to perform the duties of a secretary under the Companies Act, 1956.
However if paid up capital is more then 5 crore then appointment of CS is mandatory.
Regards
However if paid up capital is more then 5 crore then appointment of CS is mandatory.
Regards
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