Any company whether public or private whose paid up capital is Rs. 10 millions or more is required to appoint a company secretary.
Qualification of the company secretary
- A Nepalese citizen who has worked for atleast 2 years after obtaining professional certificate of company secretary from national or foreign body authorised to issue professional certificate of company secretary pursuant to prevailing laws; or
- A Nepalese citizen who has worked for atleast 3 years in the field of management after completing bachelor degree in law, management, commerce or economy.
No director of the company shall be eligible to be appointed as a company secretary of such company where he/she holds the post as a director.
Company Secretary shall not hold post as a company secretary in more than one company at a time. Provided such company secretary can hold the post of company secretary in parent company as well subsidiary company at the same time.