SC dismisses Challenge to Rule 8A of Companies (Appointment & Remuneration) Rules

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...