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of <h1>Certain Companies Must Appoint Whole-Time Secretary Under Section 383A; Compliance Certificate Required for Capital Over Ten Lakh Rupees.</h1> Under Section 383A of the Companies Act, 1956, certain companies must appoint a whole-time secretary if they meet prescribed paid-up share capital thresholds. If a company has only two directors, neither can serve as the secretary. Companies not required to have a whole-time secretary but with a paid-up share capital of ten lakh rupees or more must file a compliance certificate with the Registrar. Non-compliance results in fines. The law also outlines qualifications for secretaries and transitional provisions for secretaries holding multiple positions. Amendments have adjusted capital thresholds and fine amounts over time.
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