MCA notification for appointment of Company Secretary and Secretarial Audit

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Ministry has amended the applicability of Whole-Time Company Secretary and Applicability of Secretarial Audit 
Effective date :- 1st April,2020

Appointment of Company Secretary in Private Limited Company

As per amendment:
Rule 8A of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

Every private company which has a paid up share capital of Five Crore ten Crore rupees or
more shall have a whole -time company secretary.


New clause added in applicability of Secretarial Audit

Rule 9(c)

Every Company having outstanding loans or borrowings from banks or public financial institutions of one hundred Crore rupees or more shall annex with its Board’s report, a secretarial audit report, given by a company secretary in practice.

Link: http://www.mca.gov.in/Ministry/pdf/AmdtRules_06012020.pdf

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