Question

The minimum capital of the company for which the whole time company secretary is required to be appointed as per Companies Act is ________.

• A. Rs. 5 crore
• B. Rs. 2 crore
• C. Rs. 10 crore
• D. None of the above

Answer 1

Answer: (A)

Rs. 5 crore

Following Companies need to appoint whole time company secretary (mandatory):

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

Therefore every company which has a paid up share capital of Rs 5 Cr. or more is compulsorily required to appoint whole time company secretary.