https://www.taxtmi.com/acts?id=12760 Section 383A requires companies meeting the prescribed paid-up capital threshold to have a whole-time secretary and bars a secretary role where the board comprises only two directors. Companies not required to employ a whole-time secretary but meeting a secondary threshold must file a compliance certificate from a whole-time practicing secretary attached to the board's report. Non-compliance attracts a daily monetary penalty on the company and officers in default, subject to a defence of reasonable efforts to comply or financial incapacity. Transitional provisions require certain firms or individuals acting as secretaries to vacate or elect appointments within prescribed periods. en-us Mon, 16 May 2011 14:16:57 +0530 Mon, 16 May 2011 14:16:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12760 Section 383A requires companies meeting the prescribed paid-up capital threshold to have a whole-time secretary and bars a secretary role where the board comprises only two directors. Companies not required to employ a whole-time secretary but meeting a secondary threshold must file a compliance certificate from a whole-time practicing secretary attached to the board's report. Non-compliance attracts a daily monetary penalty on the company and officers in default, subject to a defence of reasonable efforts to comply or financial incapacity. Transitional provisions require certain firms or individuals acting as secretaries to vacate or elect appointments within prescribed periods. Act-Rules Companies Law Mon, 16 May 2011 14:16:57 +0530 https://www.taxtmi.com/acts?id=12760