Q) if the company has its authorised capital of Rs 3 crores from 2001,
1) is it mandatory to appoint CS
2) if not, compliance certificate received for the same is valid as per law
3) what will be the penalties for the same
Please provide the section for the same ( refered sec 383A explanation needed
| Originally posted by : mnarch | ||
 |
Q) if the company has its authorised capital of Rs 3 crores from 2001, 1) is it mandatory to appoint CS 2) if not, compliance certificate received for the same is valid as per law 3) what will be the penalties for the same Please provide the section for the same ( refered sec 383A explanation needed |
 |
Dear mnarch...
This requirement depends upon PAID UP CAPITAL & not the Authorised Capital.. So you have to check its PAID UP CAPITAL & take steps accordingly..
W.e.f. 15th March, 2010 the limit for the appointment of Whole Time Company Secretary in the Company has been increased from Rs. 2 Cr to Rs. 5 Cr.
As such, the Authorised Capital isRs. 3 Cr. so the paid up capital must be within that limit. Therefore, currently you are not requried to appoint Company Secretary.
Ofcouse you have to file Compliance Certificate.
Dear Friend
Please find enclosed herewith the details of appointment of CS for your reference.
Regards
CS Ajay Mishra
Thanks for sharing.
CAclubindia
