MCA amended the Companies (Appointment and Remuneration of Managerial Personnel)
Rules, 2014 by inserting Rule 8A as follows
8A: A company other than a company covered under rule 8 which has a paid up share capital of five crore rupees or more shall have a whole-time company secretary.”
Rule-8
Appointment of Key Managerial Personnel.-
Every listed company and every other public company having a paid-up share capital of ten crore rupees or more shall have whole-time key managerial personnel.
So every company including private limited companies having 5 Crore or more paid up capital should have a whole time Comopanyn Secretary. This rule also covers listed comapnies and public companies having paid up capital of rupees 5 Crore or more but less than 10 Crore.
Rules, 2014 by inserting Rule 8A as follows
8A: A company other than a company covered under rule 8 which has a paid up share capital of five crore rupees or more shall have a whole-time company secretary.”
Rule-8
Appointment of Key Managerial Personnel.-
Every listed company and every other public company having a paid-up share capital of ten crore rupees or more shall have whole-time key managerial personnel.
So every company including private limited companies having 5 Crore or more paid up capital should have a whole time Comopanyn Secretary. This rule also covers listed comapnies and public companies having paid up capital of rupees 5 Crore or more but less than 10 Crore.
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