Threshold limits restored for appointment of whole time cs

Sir,

if any company due to financial difficulty is not able to appoint CS, what will be consequences

Section 8A is being inserted by keeping rule 8 without any change , it means that private companies having paid upcapital of Rs.5 Crores or more must  appoint full time company secretary  ( vide rule 8 of  Appointment & remuneration of managerial personnel , 2014 ) , whereas all unlisted public companies having paid up capital of less than Rs.10 Crores  are exempted from appointing full time company secretary vide rule 8 . There is no logic on compelling the private company to appoint CS once it has paid up capital of Rs.5 Crs  whereas there is no such compulsion on  unlisted public companies to appoint full time CS once it's paid up capital crosses Rs .5 Crs .

Originally posted by : Mohit Aggarwal
	Sir, if any company due to financial difficulty is not able to appoint CS, what will be consequences

Oops...that financial difficulty exception as provided in Section 383A of CA 1956, is not there in CA 2013.

Yes , Financial difficulty was one of the grounds for not appointing full time CS in the previous Act whereas nothing was mentioned about this kind of excuses in the current CA 2013  becuase  the  CS would come under KEY MANAGERIAL PERSONNEL .

Appointment here means Employment only ?

Originally posted by : Ritin Kharbanda
	Appointment here means Employment only ?

Yes. It is all about employment for which DIR.12 is to be filed with OC.

Thanks

Originally posted by : Ankur Garg
	Originally posted by : Ritin Kharbanda Appointment here means Employment only ?     Yes. It is all about employment for which DIR.12 is to be filed with OC.   Thanks

What is the time limit to appoint a CS under CO's Act,2013.

Regards

Dear sir,

When any private company falls under rule 8A after increasing its paid up capital to Rs. 8 crores , then within which time limit company Sectretary must be appointed.

Regards