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Materiality Concept

Every company...

Question

Every company having a paid-up share capital of Rs. _______ or more shall have full time secretary.

A

2 lakhs

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B

20 lakhs

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C

2 crores

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D

20 crores

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Solution

The correct option is C 2 crores
Every company having a paid-up share capital of Rs two crore or more shall have full time secretary as per the Company Act 2013

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