07 September 2013
Sir,
I would like to seek the assistance, what are the documents to be submitted to ROC for appointment of Professional or Non-executive director to the private limited company as he is being paid a share of profit in company profit.And also pls let me know what is the section & clause, Any changes to be made to AOA.
Regards,
The provisions of Companies Act, 1956 and Schedule XIII deal with remuneration of director will not applicable to private limited company. Such provision is applicable only public company and its subsidiary.
The remuneration of directors of the private company is totally governed by their company articles. If the Company’s article permits to pay remuneration you can give remuneration without any restriction. For this you will pass a Board Resolution for payment of remuneration.
09 September 2013
Procedure for appointment of director
1. First collect DIN No. of proposed director and get it approved from MCA. 2. Collect consent letter from the proposed director. (Recommended but not compulsory) 3. Convene a Board Meeting for appointment of director 4. Download Form-32 from www.mca.gov.in 5. Fill form-32 and get it certified from a PCS/PCA and upload the same on MCA site for ROC filing with in 30 days from the date of Appointment of director (Board Meeting).
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