Question
Consider the following statements regarding the appointment of Company Secretary under Section 203 of the Companies Act, 2013: Statement 1: Every company with paid-up capital exceeding Rs. 5 crores must appoint a qualified Company Secretary. Statement 2: A Company Secretary must be a member of the Institute of Company Secretaries of India. Statement 3: A Company Secretary acts as Key Managerial Personnel and is responsible for compliance with applicable laws. Statement 4: Only individuals can be appointed as Company Secretary; partnerships cannot be appointed. Which statements are correct?
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