Question

Appointment of Company Secretary is mandatory in -
(a) Every listed company
(b) Every unlisted private company having paid-up share capital of Rs.10 Crore or more
(c) Every public company having paid-up capital of Rs.5 Crore or more
(d) Every public company having turnover of Rs. 5 Crore or more
Select the correct answer from the option given below :-

• A. (a) & (b)
• B. (a) & (c)
• C. (a) & (d)
• D. (a), (c) & (d)

Answer 1

The correct option is B (a) & (c)

• As per Section 2 (24) of Companies Act, 2013, Company Secretary or Secretary means a Company Secretary as defined in clause (c) of sub-section (1) of section 2 of the Company Secretaries Act, 1980 who is appointed by a company to perform the functions of a Company Secretary under this Act. As per Company Secretaries Act, 1980 “Company Secretary” means a person who is a member of the Institute of Company Secretaries of India.
• Following Companies need to appoint whole time company secretary :

1. All Listed Companies
2. Every Public Company having paid-up share capital of Rs. 10 Cr. or More
3. Every other Company having paid-up share capital of Rs. 5 Cr. or More.