Appointment of semi-qualified CS
(Querist) 22 April 2008
This query is : Resolved
Is it mandatory to appoint a semi-qualified CS ( i.e. Intermediate[now Executive Programme] Pass from the Institute of Company Secretaries of India) as Secretary in a Company having paid-up share capital of less than 2 (two) crores? What is the stand of Section 25 companies in this regard?
(Expert) 23 April 2008
No, it is not madnatory. if paid up capital of company is 2 crore or more than company have to appoint qualified CS however if company's paidup capital is morethen 10 lakhs and lessthen 2 crore than company have to obtain complaince certificate from practising Company secretaries.the above provisions are based on Section 383A of the companies act 1956.