Please Help: appointnent of fulltime cs
Posted Date : 06-Mar-2012 , 11:11:16 am | Posted By dattu
Dear all,
Pls let me know the limit for appointment of full time CS in a private company
Pls let me know the limit for appointment of full time CS in a private company
Category : Corporate Law | Answers : 4 | Comments : 1 | Hits : 465
Answers
Answer By: Ketan Samdani
The limit is paid up share capital of Rs. 2.00 crores.
Answer By: AKHIL MAHESHWARI
Dear All, The limit of 2 Crores has been increased to Rs. 5 Crores w.e.f. 15/03/2009.
Answer By: AKHIL MAHESHWARI
Dear Dattu, Amended & Applicable Provision from 15th March 2009:
Get Mandatory Compliance Certificate: in Two cases
·2 1) if your share capital is between 50 lakhs & 2 crores;
·22 2) if your share capital is between 2 crores & 5 crores and you have not appointed whole time company secretary.
Mandatorily appoint a Whole Time Company Secretary: In these cases
· 1) if your share capital is between 2 crores & 5 crores and you have not got the Compliance Certificate;
· 2) if your share capital is above 5 crores.
And, NO special provisions for Companies having its registered office in a place with a population of less than one lakh as per 2001 census.
Get Mandatory Compliance Certificate: in Two cases
·2 1) if your share capital is between 50 lakhs & 2 crores;
·22 2) if your share capital is between 2 crores & 5 crores and you have not appointed whole time company secretary.
Mandatorily appoint a Whole Time Company Secretary: In these cases
· 1) if your share capital is between 2 crores & 5 crores and you have not got the Compliance Certificate;
· 2) if your share capital is above 5 crores.
And, NO special provisions for Companies having its registered office in a place with a population of less than one lakh as per 2001 census.
Answer By: Rambabu Senkarasetti
5 crores or above paidup share capital.
Comments
CS Shilpi Bhardwaj
21-Mar-2012 , 02:35:09 pmDear Akhil As per my understanding the companies having paid up capital of Rs.5 crore and above, has to appoint a whole time Company Secretary and in case of companies having paid up capital of Rs, 10Lac or more, get mandatory Compliance Certificate from a Practicing Company Secretary. Other views are welcomed.