Rules regarding appointment of Company Secretary

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.