Appointment of Whole Time Company Secretary

As per Rule 8 A of appointment of (Managerial personnel) rules, 2014, every private Company having paid up share capital of Rs. 5 crore rupee or more shall have a whole Time Company Secretary and all other public Company having paid up share capital of Rs. 10 crore rupees or more shall have a whole Time Key Managerial personnel as a Company Secretary as per the provisions of section 203 of the Companies Act 2013

For certain companies, it is mandatory to appoint a whole-time Company Secretary (CS) on a payroll basis. According to the Companies Act, 2013, listed companies, large public companies, and certain other prescribed categories must appoint a whole-time CS. A whole-time CS is responsible for ensuring compliance with legal and regulatory requirements, maintaining corporate governance, and assisting the board in fulfilling its obligations. The CS must be on the payroll, ensuring dedicated attention to the company’s legal and compliance matters. Smaller companies may not require a whole-time CS, but they must appoint one if applicable depending on their size and nature. In short, the requirement to appoint a CS varies from businesses to businesses as per their nature and size. To know more..read this post, https://www.setindiabiz.com/blog/company-secretary-services