07 January 2010
I m working in a Pub co. having paid up cap less than 5 cr. plz tell me the procedure of appointment of a MD in pub co and which documents, forms and resolutions are required to file with ROC. Plz explain me the whole procedure.
07 January 2010
If the company is appointing is MD, then even though the paid up capital is less than 5 cr, the provisions will apply.
Procedure: 1) Board resolution and prefereably an agreement with the MD 2) File Form 32 with ROC 3) File Form 23 for the agreement 4) Sent abstract u/s 302 to shareholders 5) Members resolution at AGM 6) Forn 25C within 90 days of appointment