Appointment of Company Secretary

[Mukund Honkan]

For a company having paid up share capital of Rs 6 crores but unlisted, is it neceaary to appoint full time company secretary. If it is not viable considering size of the company, what is alternative options?

Thanks  Mukund M Honkan

AI Summary

Unlisted company with Rs 6 crore capital must appoint full-time Company Secretary unless exempted; director alternative possible. A company with a paid-up share capital of Rs 6 crores, though unlisted, is required to appoint a full-time Company Secretary as per the law for companies with capital of Rs 5 crores or more. This requirement applies to both private and public companies, except for section 25 companies. If appointing a Company Secretary is not feasible, the company can inform the Registrar of Companies (ROC) about their efforts and financial constraints, potentially gaining an exemption. Alternatively, a director may also serve as a Company Secretary, provided at least two directors solely hold director positions.