Procedure For Appointment of Company Secretary

     

As per the provisions of Section 203(1) of Companies Act, 2013 Every company having paid up share capital of Rs.10 Crores or more shall have the following whole-time key managerial personnel,—

(i) Managing Director or Chief Executive Officer or manager and in their absence, a whole-time director;

(ii) Company Secretary; and

(iii) Chief Financial Officer :

As per the provisions of Section 203(2) of Companies Act, 2013 Every whole-time key managerial personnel of a company shall be appointed by means of a resolution of the Board containing the terms and conditions of the appointment including the remuneration.

Procedure For Appointment of Company Secretary

1.   Issue notice of board meeting to all the directors at least seven days before the date of board   meeting.

2.    Hold the board meeting to Pass a Board Resolution for Appointment of Company Secretary, which should contain the terms and conditions of the appointment including the remuneration.

3.     Receive consent letter from Company Secretary to act as Company Secretary.

4.    After passing Board Resolution following forms required to be filed with ROC

i.   DIR-12 for appointment of Company secretary within 30 days of passing of Board resolution 

ii.    MGT-14 within 30 days from the date of passing of board resolution.

        iii.  MR-1 for appointment of KMP within 60 days of passing of Board Resolution.

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