Appointment of MD - Procedures ??
This query is : Resolved
19 March 2009
In case of Public Co., What is the procedures & conditions to be fulfilled for appointing a Director as Managing Direcor.
Can you also brief the Forms to be filed & Resolutions to be passed ??
Please reply...
Can you also brief the Forms to be filed & Resolutions to be passed ??
Please reply...
13 May 2009
In case of public company appointment of MD is governed by section-269.
You can appoint MD with the approval of certral govt. or by following the provisions of Schedule XIII.
By passing Board Resolution you can appoint MD. In that case u have to file form-32 and 25C with ROC.
For more detail plz go through section -269 with Schedule XIII.
Regards
You can appoint MD with the approval of certral govt. or by following the provisions of Schedule XIII.
By passing Board Resolution you can appoint MD. In that case u have to file form-32 and 25C with ROC.
For more detail plz go through section -269 with Schedule XIII.
Regards
23 March 2010
Sir...
In my case, the effective capital is Rs. 32 Crores & the remuneration will be Rs. 10 Lacs p.a.
So as per my understanding, Special resolution or CG Approcal is not required and the procedure to be followed shall be:
Firstly,Form 23(alongwith a copy of Board Resolution + Draft Agreement) and Form 32(alongwith Consent)
Then, Form 23 (alongwith Ordinary Resolution passed in GM) and Form 25C (alongwith copy of Final Agreement)
Please comment if I have missed out anything.
In my case, the effective capital is Rs. 32 Crores & the remuneration will be Rs. 10 Lacs p.a.
So as per my understanding, Special resolution or CG Approcal is not required and the procedure to be followed shall be:
Firstly,Form 23(alongwith a copy of Board Resolution + Draft Agreement) and Form 32(alongwith Consent)
Then, Form 23 (alongwith Ordinary Resolution passed in GM) and Form 25C (alongwith copy of Final Agreement)
Please comment if I have missed out anything.
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