Appointment of Company Secretary

Appointment of Company Secretary

As per section 2(24), 203, 204 of Companies Act 2013 the provisions regarding appointment of company secretary are Every listed Company must have full-time Company Secretary.

Every unlisted company and every private company having a paid up capital of ₹5 crore or more must also have a full time secretary.

Only an individual who is a member of institute of company secretaries of India can be appointment as a company secretary.

a) By the Promoters: The first secretary of a company is appointed by the promoters at pre-incorporation stage and such name is mentioned in the Articles of Association.

b) By the First board of Directors: After the company has been registered, the first board of directors appoints the secretary at the first board meeting. The board of directors can continue the existing secretary appointed by promoters or can appoint a new company secretary.