Rule for appointing c.s

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This query is : Resolved

Digambar Singh (Querist)

20 April 2015 Dear Sir,

i would like to know about the appointment of Company Secretary in public and pvt co.

every listed and public company required to appoint C.S if paid up capital is Rs. 10Cr. or more.

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)

20 April 2015 yes you are right dear....

Digambar Singh

Digambar Singh (Querist)

20 April 2015 but i have heard from somewhere that this got amend by MCA. now limit is 5Cr. or more

which is correct i am getting confuse

there is any notification publish by MCA on 9th June 2014 for same.

Pratik Shah

Pratik Shah (Expert)

23 April 2015 Yes, as per Rule 8, every listed company and a public company whose paid up capital is more than Rs 10Cr are required to appoint KMPs (i.e. all three persons including CS).

But pursuant to an amendment dated 09th June 2015, new rule 8A has been added which says...A company other than a company covered under rule 8 which has a paid up share capital of five crore rupees or more shall have a
whole-time company secretary.

That means all private companies whose paid-up capital is more than Rs 5 Cr shall be required to appoint only CS (and not other KMPs).

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