I have a small doubt, regarding Section 383A of the Companies Act:
Whether the limit for mandatory appointment of a company secretary in a company is 5 crores or 2 crores (paid up capital).
Pls clarify?
Prasanth Nair V (ACA,ACS,CWA Final,Mcom) (557 Points)
14 December 2010I have a small doubt, regarding Section 383A of the Companies Act:
Whether the limit for mandatory appointment of a company secretary in a company is 5 crores or 2 crores (paid up capital).
Pls clarify?
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17848 Points)
Replied 14 December 2010
Now the limit is Rs. 5 Crore.
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17848 Points)
Replied 14 December 2010
Please find the notification.....w.e.f. 15/03/2009 section 383A has been modified.
Vaibhav Shukla
(Company Secretary)
(142 Points)
Replied 14 December 2010
agree with Ankur the limit is noe Rs. 5 Crores.
udit sharma
(Company Secretary)
(2303 Points)
Replied 14 December 2010
Hi agreed with experts .... every company having a paid up capital of Rs.5 Crores or more is required to appoint a Whole Time Company Secretary!
God Bless
Udit Sharma
Manish Buchasia PCS Ahmedabad
(Practising Company Secretary)
(306 Points)
Replied 14 December 2010
I Agree With Ankur Earlier the Limit was Rs 2 Cr
Now Every Co having 10lacs or Above 10 Lacs upto 5 Cr Required Secretarial Compliance Certificate From Practising Comapny Secretary and Above 5 Cr Whole Time Company Secretary In Job,
| 10L Or Above 10L But Less Then 5 Cr | Compliance Certificate |
| 5 Cr or Above 5 Cr | Full Time CS |
By cs Manish Buchasia
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