13.1.8-Companies (Appointment and Remuneration of Managerial Personnel) Rules,2014
8. Appointment of Key Managerial Personnel.–
Every listed company and every other public company having a paid-up share capital of ten crore rupees or more shall have whole-time key managerial personnel.
8A. Appointment of Company Secretaries in companies not covered under rule 8.—
Every private company which has a paid up share capital of ten crore rupees or more shall have a whole -time company secretary.Substituted vide the Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2020 dated 03.01.2020 w.e.f., 01.04.2020. To view the Notification, Click Here.