Appoitment of executive director by pvt co

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 April 2012 What is the procedure for appointment of Executive Director by Pvt Co. which is not subsidiary of public company...?

Please advice.

CA Kishore Tallam

CA Kishore Tallam (Expert)
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12 April 2012 The Board can appoint ED in its Board Meeting as an Additional Director and he/she will retire at next AGM and he/she can be reappointed in AGM.

Querist : Anonymous

Querist : Anonymous (Querist)

12 April 2012 As per my understanding we have to File form 32 first for apt as Additional Director and then another Form 32 for change in designation to ED.

Should I have to file Form 32 again at the AGM?

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CA Kishore Tallam

CA Kishore Tallam (Expert)
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12 April 2012 Not required to file again for appointing as ED. In the same appt as AD, he can be designated as ED and accordingly Form 32 can be filed.