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Companies _appointment And Qualifications Of Secretary_ Rules, 1988

Category : Centralrules

Companies Appointment and Qualifications of Secretary Rules 1988 1 Short title and commencement 1 These rules may be called the Companies Appointment and Qualifications of Secretary Rules 1988 2 It shall come into force on the 1st day of December 1988 2 Appointment etc of whole time secretary 1 Every company having a paid up share capital of not less than rupees fifty lakhs shall have a whole time secretary 2 No person shall be appointed as whole time secretary under sub rule 1 unless he is a member of the Institute of Company Secretaries of India constituted under the Company Secretaries Act 1980 56 of 1980 3 A company having a paid up share capital of less than rupees fifty lakhs may appoint any individual as its whole time secretary to perform the duties of a secretary under the Companies Act 1956 and any other ministerial or administrative duties Provided that no individual shall be eligible to be so appointed unless he possesses one or more ...