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.

 

A company other than a company covered under rule 8 which has a paid up share capital of five crore rupees or more shall have a whole-time company secretary.