01 February 2012
In India every company having a paid up share capital of 50 million (5 crores) or more is required to appoint a qualified person as Company Secretary. A qualified Company Secretary should be a member of Institute of Company Secretaries of India. A company having not less than Rs.one million (10 lacs) paid up capital and not required to appoint a full time company Secretary should file a compliance certificate signed by a practising Company Secretary with the Registrar of Companies.
Actually they also authorises company secretaries to issue various certificates in banks.
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