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Preparing Financial Statements of NPO-I

It is compuls...

Question

It is compulsory for a company to appoint a Company Secretary if ______________.

A

The paid up share capital is 5 crore or more

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B

The paid up share capital is 10 crore or more

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C

The annual turnover of the company exceeds 100 crore

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D

If the net profit of the company is more than 2 crore

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Solution

The correct option is A The paid up share capital is 5 crore or more
It is compulsory for a company to appoint a Company Secretary if the paid up share capital is 5 crore or more. Appointment of a Company Secretary as a Key Managerial personnel is compulsory if the company has paid up capital of 5 crore or more.

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