Good News: Paid up Capital Limit for Appointment of CS reduced to Rs. 5 Crore

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  1. Karan Batra

    Karan Batra Well-Known Member

    Ministry of Corporate Affairs in a notification dated 9th June reduced the Paid up Capital limit for mandatory appointment of whole time Company Secretary to Rs. 5 Crore or more.

    Now the Appointment of whole time time Company Secretary is mandatory for all -
    1. Private companies having Paid up Capital of Rs 5 crore or more
    2. Public unlisted companies having paid up capital of Rs 5 crore or more
    3. Listed companies.

    Congratulations to more than 35,000 CS and 2,00,000 CS Students. Special thanks to ICSI for their hard work

    The Official Notification has been attached herewith
     
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