Rules regarding appointment of Company Secretary

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1 Points Posted on 26 March 2021
as whole time
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On 26 March 2021 at 18:15 Report
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Appointing a full-time Company Secretary requires a company to have a turnover of at least ₹250 crore and a paid-up capital of ₹10 crore. If the paid-up capital meets or exceeds ₹10 crore, the secretary is considered a Key Managerial Personnel (KMP) and appointed under Section 203. The process involves an offer letter, acceptance, board meeting, approval, and filings like MGT-14 and DIR-12. Listed companies also need to inform stock exchanges and submit initial disclosures under SEBI (PIT) Regulations.

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Chartered Accountant
24588 Points Posted on 26 March 2021
For appointment of whole time secretary the turnover of the company should be not less than 250 crores rupees and paid up capital should be 10 crores rupees
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On 26 March 2021 at 19:54
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Professional
1979 Points Posted on 29 March 2021
If company has paid up capital of equal to or more than INR 10 Crore ,it has whole time company secretary ,he will be appointed as per provision in 203 and also been considered as KMP, process is as follows
a) Offer Letter
b) Acceptance of Offer Letter
c) Board Meeting
d) Board Approval
e)Filing MGT-14
f) Filing DIR -12 + DIR -2 + Employment contract (if any )
g) associate DSC of secretary at MCA portal
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On 29 March 2021 at 20:22
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18 Points Posted on 20 April 2021
Also if listed company then have to give stock exchange intimation within 24 hours of approval of the Board
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On 20 April 2021 at 23:33
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Professional
1979 Points Posted on 11 May 2021
Yes ,Secretary Is Designated Person as per SEBI (PIT) Regulation so Form B also required for initial disclosure ( Listed company )
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On 11 May 2021 at 07:52

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