Pls tell me which Company needs to filled Compliance Certificate according to their Capitals.
As i have been listeing various different answers regarding this.
Kindly clarify this.
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Compliance certificate
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Get Mandatory Compliance Certificate:
* if your share capital is between 10 lakhs & 2 crores;
* if your share capital is between 2 crores & 5 crores and you have not appointed whole time company secretary.
Mandatorily appoint a Whole Time Company Secretary:
* if your share capital is between 2 crores & 5 crores and you have not got the Compliance Certificate;
* if your share capital is above 5 crores.
Refer point 3.
https://www.mca.gov.in/Ministry/actsbills/rules/TCCR2001.pdf
when share capital is below 10 lakhs - no requirement of Compliance Certificate.
when share capital is between 10 lakhs & 2 crores - Compliance Certificate is mandatory.
when share capital is between 2 crores & 5 crores - Either obtain a Compliance Certificate or Appoint a wholetime CS.
when share capital is 5 crores or more - Mandatorily appoint a whole time CS (Compliance Certificate not required)
Company having paid up capital less than 5 crore or more than 10 lakh...need to fill C.C
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