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of <h1>Amendment Requires Private Companies with Rs. 10 Crore Capital to Appoint Whole-Time Company Secretary; Loan Compliance Updated.</h1> The Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2020, effective from April 1, 2020, amend the 2014 rules. Key changes include the requirement for private companies with a paid-up share capital of ten crore rupees or more to appoint a whole-time company secretary. Additionally, companies with outstanding loans or borrowings of one hundred crore rupees or more from banks or public financial institutions must comply with specific provisions. The amendments clarify that paid-up share capital, turnover, or outstanding loans should be based on the latest audited financial statement.
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