compliance certificate
This query is : Resolved
ruchi bhagat
(Querist)
04 October 2008
The paid up capital of a pvt. ltd. company is Rs.3 crore but there was no company secretary during the whole financial year. whether the company is required to obtain a comliance certificate since there is no CS in the company.
06 October 2008
No
CA Bosu babu
(Expert)
07 October 2008
Every Company having paid-up capital of Rs. 10 Lakh or more, but less than Rs. 50 Lakh (Raised to Rs. 2 Crore w.e.f 11.6.2002), which is not required to employ a whole-time qualified Company Secretary, shall file with the ROC, a certificate from practicing Company Secretary as to whether provisions of the amended Act have been complied and such certificate shall be attached with Directors' report to the share-holders.
CA Bosu babu
(Expert)
07 October 2008
the above thing is acc to law.....so every company shd appoint a whole time practicing CS if paid up capital is >2 crs....so pvt company has to fulfill such reqt...
S.Srinivasaraghavan
(Expert)
15 October 2008
In otherwords neither it is compulsory to obtain compliance certificate, nor would that substitute non-compliance of appointing a full time Secretary.
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