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.
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.
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