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SC dismisses Challenge to Rule 8A of Companies (Appointment & Remuneration) Rules
Case Law Details
- Case Name
- Suman Kumar Vs Union of India & Ors. (Supreme Court of India)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- Supreme Court of India
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Suman Kumar Vs Union of India & Ors. (Supreme Court of India)
Introduction: In a recent verdict, the Supreme Court of India dismissed a writ petition challenging the amended Rule 8A of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. The petitioner, Suman Kumar, contested the rule, which mandates private companies with a paid-up share capital of Rs.10 crores or more to have a full-time company secretary. This article delves into the details of the case, the court’s reasoning, and the broader implications of the judgment.
Background: The challenge revo...
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