Company Secretaries now have a reason to smile. ••• Annual Return under the Companies Act, 2013 ••• Post#1 Annual Return is required to be signed by - • A director and the Company Secretary, or where there is no Company Secretary, by a Company Secretary in whole-time practice. • It means that now in respect of all the companies (except one person companies and small companies), whether private or public, listed or unlisted, the annual return has to be signed by either a company secretary in employment or by a company secretary in practice i.e. where no Company Secretary is appointed by the company, the Annual Return is compulsorily required to be signed by the Company Secretary in practice. • In case of a listed company and other prescribed companies (a company having such paid-up capital and turnover as may be prescribed), even if the Annual Return is signed by the Company Secretary in employment, it is further required to be certified by the Company Secretary in Whole time practice certifying that annual return discloses the facts correctly and adequately and that the Company has complied with all the provisions of the Act. • In relation to a One Person Company and Small Company, the annual return is required to be signed by the Company Secretary, or where there is no Company Secretary, by one director of the company.
Posted on: Thu, 12 Sep 2013 08:38:54 +0000
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