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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Amendment Allows Small Town Companies to Appoint Qualified Secretary; Relocation Requires Compliance with Sub-rule (1)</h1> The Companies (Appointment and Qualifications of Secretary) (Amendment) Rules, 2003, effective from October 14, 2003, amend the 1988 rules under the Companies Act, 1956. The amendment allows companies with registered offices in towns with populations under one lakh, and having a paid-up share capital between two and five crores, to appoint an individual with specified qualifications as a whole-time secretary. If such a company relocates its office from these towns, it must appoint a whole-time secretary as per sub-rule (1).
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