A private company wants to increase it's paid up capital over 5 crores
What will be the consequences (like co. secretary, internal audit)?
What are the compliances of CARO, Co. Act etc.?
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Increasing PAID UP capital over rs.5 crores
Replies (4)
Apppointment of CS section 383A; MD/WTD/Manager section 269.
1. Appointment of CS under section 383A
2. Appointment of Audit Committee under section 292A
3. Appointment of Managerial Personnel under section 269
Section 292A is not applicable to private companies.
Section 269 is applicable to private company which is subsidiary of public company.
You only have to appoint a whole-time Company Secretary as per the provisions of Section 383A of the Companies Act. Rest are not applicable to a private company
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