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Company secretary

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(Querist)
09 February 2012 appointment of cs for those companies whose paid up capital is not less than 5 cr is compulsory and in case of individual having paid up capital less than 2 cr, are there any changes made in thi respect
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Ajay Mishra

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Ajay Mishra (Expert)
10 February 2012 Hi


In case of company having paid-up shares capital of Rs. 5 crore or more shall appoint a whole time company secretary in accordance with the provision of section 383A of the Companies Act, 1956.

In case of Company having paid up capital of Rs. 2 cr or more but less than Rs. 5 Cr can appoint a CS in whole time employment if they have not appointed they must file Compliance Certificate along with Annual Account with ROC which will be obtained from practicing company secretary.


Regards
CS Ajay Mishra
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