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Question

Every company having a paid up share capital of ____________ must have a whole time secretary.

A
2 crore or more
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B
5 crore or more
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C
50 lakh
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D
10 lakh
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Solution

The correct option is B 5 crore or more
As per Rule 8A of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 provides that a company which has a paid up capital of Five crore rupees or more shall have a whole-time company-secretary.

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