Secretary qualification threshold raised; amendment increases capital limit for required appointment and takes effect on publication. Amendment to the Companies (Appointment and Qualifications of Secretary) Rules, 1988, substitutes the monetary threshold in rule 2 by replacing the previously specified capital amount with a higher capital amount at both places where it appears; the Rules are made under section 642(1)(a) and (b) read with section 383A of the Companies Act, 1956 and come into force on publication in the Official Gazette.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Secretary qualification threshold raised; amendment increases capital limit for required appointment and takes effect on publication.
Amendment to the Companies (Appointment and Qualifications of Secretary) Rules, 1988, substitutes the monetary threshold in rule 2 by replacing the previously specified capital amount with a higher capital amount at both places where it appears; the Rules are made under section 642(1)(a) and (b) read with section 383A of the Companies Act, 1956 and come into force on publication in the Official Gazette.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
