Under the Companies Act, 2013 (read with the Companies (Appointment and Remuneration of Managerial…
Under Section 203 of the Companies Act, 2013 read with Rules 8 and 8A of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 (as amended from 1…
Choose your answer
Under the Companies Act, 2013 (read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014), every company having a paid-up share capital of ________ or more shall have a whole-time company secretary.
Answer and explanation
Correct answer C
Under Section 203 of the Companies Act, 2013 read with Rules 8 and 8A of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 (as amended from 1 April 2020; formerly Section 383A(1) of the Companies Act, 1956, where the limit was Rs. 5 crores), every company having a paid-up share capital of "Rs. 10 crores" or more is required to appoint a whole-time company secretary.
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