Private Companies with paid up Capital of ___________ are required to get their annual return signed either by CS or P.CS (Practising Company Secretary)
A
Rs. 50 lakh and upto Rs. 5 crore
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B
Rs.40 lakh and less than 50 lakh
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C
Less than Rs.10 crore but more than Rs.5 crore
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D
None of the above
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Solution
The correct option is D Rs. 50 lakh and upto Rs. 5 crore Company secretary is a key managerial person in a company, responsible to ensure the effective and efficient administration of the company and certifying the company’s compliance with the provision of the Act. These company secretaries in practice have a duty to issue compliance certificate to the companies who have paid-up capital of more than 50 lakh Rupees but not more than 5 Crore Rupees.