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.
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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