Good news for cs professionals

The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 have been amended to include every company with a paid-up share capital of five crore rupees or more to have whole-time company secretary. This shall take into force w.e.f. 09th June, 2014. The earlier Rules notifed w.e.f 01st April, 2014 have included only listed company and every public company with a paid-up share capital of ten crore rupees or more to have whole-time key managerial personnel. With this notification brought into force, the 70 days battle of Regulator of Company Secretaries, The Institute of Company Secretaries of India come into an end, which was one of the major concern of 35000 Company Secretaries professionals and around 4 lakh student undergoing Company Secretary course. Regards