TMI BlogCertain companies to have secretaries.X X X X Extracts X X X X X X X X Extracts X X X X ..... ubject to such conditions as may be prescribed, as to whether the company has complied with all provisions of this Act and a copy of such certificate shall be attached with Board's report referred to in section 217.] [4] [(1A) If a company fails to comply with the provisions of sub-section (1), the company and every officer of the company who is in default, shall be punishable with fine which may extend to [5] [five hundred rupees] for every day during which the default continues: Provided that in any proceedings against a person in respect of an offence under this sub-section, it shall be a defence to prove that all reasonable efforts to comply with the provisions of sub-section (1) were taken or that the financial positio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e-time secretary under sub-rule (1) unless he is a No number 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 then rupees two crores may appoint any individual as its whole-time secretary to perform the duties of a secretary under the Companies Act, 1956, and may any other ministerial or administrative duties Provided that no individual shall be eligible to be so appointed unless he possesses one or more of the qualification specified in sub-rule (4). (3A) A Company having a paid up share capital of two crore rupees or more but lees then five crore rupees may appoint any individual possesses the qu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... India constituted under the Chartered Accountants Act, 1949 (38 of 1949); (vi) membership of the Institute of Cost and Works Accountants of India constituted under the Cost and Works Accountants Act, 1959 (23 of 1959); (vii) post-graduate degree or diploma in management science, granted by any university, or the Institute of management, Ahmedabad, Calcutta, Bangalore, or Lucknow; (viii) post-graduate diploma in company secretaryship granted by the Institute of Commercial Practice under the Delhi Administration or Diploma in Corporate Laws and Management granted by the Indian Law Institute, New Delhi; (ix) post-graduate diploma in company law and secretarial practice granted by the University of Udaipur; or ..... X X X X Extracts X X X X X X X X Extracts X X X X
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