Appointment of cfo

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Uday Prasad

Uday Prasad (Querist)
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16 June 2014 Kindly provide me the format of resolution for appointment of CFO

Ankur Garg

Ankur Garg (Expert)
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16 June 2014 Request you to share the status of your company whether it is public or private?

Also share the paid up share capital of your company.

Thanks

Uday Prasad

Uday Prasad (Querist)
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17 June 2014 Its a Unlisted Public limited company having Paidup share capital Rs. 12crores

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Ankur Garg

Ankur Garg (Expert)
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17 June 2014 In that case section 203 related to compulsory appointment of KMP is applicable to your company.

Appointment of CFO will be dome by the HR department as usual.

However now it is duty of HR to intimate board about the appointment and board will take note of that appointment by passing a BR. That BR will be filed through form MGT.14.

Thanks

Uday Prasad

Uday Prasad (Querist)
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17 June 2014 what will the procedure if company has already appointed CFO from last 4 years.

kindly also share the format of BR.

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Ankur Garg

Ankur Garg (Expert)
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17 June 2014 For already appointed CFO, we need to designate him as KMP.

For that a resolution is required to be passed designating existing CFO as KMP. Further form MBP.1 is required to be collected u/s 189(2).

That board resolution is to be filed through form MGT.14.

I dont hv the BR format and will share the same as soon as received.

Thanks