Form 66 or company secretary
This query is : Resolved
07 December 2011
There is a limited company having paid up capital 11 crore. whether form 66 applicable. or they have to appoint whole time company secretry.
Reply along with applicable section or provision.
Regards,
Ram
Reply along with applicable section or provision.
Regards,
Ram
07 December 2011
You have to mandatorily appoint whole time CS as your paid up capital is Rs. 5 crore.
RG
RG
07 December 2011
BUT THE company director says that this section is not applicable for their company. is it possible in any circumstances ?
also tell me what is the penal provision , if company does not appoint a whole time company secretary .
also tell me what is the penal provision , if company does not appoint a whole time company secretary .
07 December 2011
Your director is wrong.
Kindly check the link below for exact provision:
http://www.citehr.com/140772-company-secretary-compliance-certificate-2crores-5-crores-appointment-amend.html
Kindly check the link below for exact provision:
http://www.citehr.com/140772-company-secretary-compliance-certificate-2crores-5-crores-appointment-amend.html
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07 December 2011
Section 383A of the Companies ACt 1956, Every company having paid-up share capital of 5 crores or more shall have a whole-time secretary and where the Board of directors of any such company comprises only two directors, neither of them shall be the secretary of the company.
1A) If a company fail to comply with the provisions of sub-section (1), the company and every officer of the company who is in default, shall be punishable with fine which may extend to 5[five hundred rupees] for every day during which the default continues.
1A) If a company fail to comply with the provisions of sub-section (1), the company and every officer of the company who is in default, shall be punishable with fine which may extend to 5[five hundred rupees] for every day during which the default continues.
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