capital paid
Dear Sir,
As per Companies Amendment Act, 2015
AS FOR COMPANY SECRETARY APPOINTMENT :
FOLLOWING COMPANIES ARE REQUIRED TO APPOINT COMPANY SECRETARY IN FULL TIME EMPLOYMENT COMPULSORILY:
1. all listed companies( Rule 8 companies appointment
FOR COMPANY SECRETARY APPOINTMENT :
FOLLOWING COMPANIES ARE REQUIRED TO APPOINT COMPANY SECRETARY IN FULL TIME EMPLOYMENT COMPULSORILY:
1. all listed companies( Rule 8 companies appointment
As mentioned in Guidance Note on SS-1 " The company secretary in practice appointed by the company, the secretarial auditor, cost auditor, or internal auditor of the company can inspect the minutes as he may consider necessary for the performance of his duties." My Query is:- What is the meaning of word "Inspect"? Whether the secretarial auditor, cost auditor or internal auditor of the company can demand for the physical copies of minutes? Whether company is obliged to provide the same?
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In my view, Paid up Capital is the Excess of Net Assets over Outside Liabilities. And as per the Companies Act, It is that part of Issued capital which is subscribed by Stakeholders, Called up by Company and then Paid by those Stakeholders.
Paid up Capital enhances the Company's strengths and also increases it's Working Capital. Further, more Paid up Capital helps the company in organising funds from the Market easily and minimises the risks to Creditors.
If paid up capital exceeds Rupees Five Crore in Private Limited Company, then it is mandatory to appoint a Company Secretary (with a view to avoid Non-Compliance under the Act).