Q.Under Rule 8A of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, a private company must appoint a whole-time Company Secretary once its paid-up share capital reaches:
(A) ₹1 crore or more
(B) ₹5 crore or more
(C) ₹10 crore or more
(D) ₹50 crore or more

Rule 8A specifically fixes ₹10 crore paid-up share capital as the threshold beyond which a private company can no longer skip appointing a whole-time Company Secretary.

Rule 8A of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 requires every private company having a paid-up share capital of ₹10 crore or more to appoint a whole-time Company Secretary — mirroring the same ₹10-crore threshold Rule 8 applies to public companies other than listed companies.

Option-by-option analysis:

• (A) Incorrect — ₹1 crore is well below the prescribed threshold.
• (B) Incorrect — ₹5 crore is also below the prescribed threshold. …

Assuming private companies are exempt from mandatory Company Secretary appointment altogether — Rule 8A specifically closes this gap …