Appointment of Managing Director, Manager or a WTD,
This query is : Resolved
15 April 2011
Is it compulsory for a private limited company to appoint a managing director, manager or a whole time director? Please specify section if any..
Pravin Gupta CS
(Expert)
15 April 2011
No need to appoint any managerial person (Managing director, manager, WTD) for Private company.
However sec. 269 of companies act,1956 Every public and every private company which is subsidiary of any public company, having a paid up capital of Rs. 5 Crore or more shall require ton appopint managerial person( MD or Manager or WTD)in accordance with provision of Sch. XIII
So in reply of your quetion: no need to appoint any Managerial person in private company under the companies act,1956
However sec. 269 of companies act,1956 Every public and every private company which is subsidiary of any public company, having a paid up capital of Rs. 5 Crore or more shall require ton appopint managerial person( MD or Manager or WTD)in accordance with provision of Sch. XIII
So in reply of your quetion: no need to appoint any Managerial person in private company under the companies act,1956
Jayashree S Iyer
(Expert)
15 April 2011
A private company is not required to appoint MD / Manager / WTD.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Reward for festival
- 18% Rent a cab
- Movement of goods by packers and movers - type of sale - Reg.
- Missed uploading GST Invoice
- Appointment of Auditor By Form ADT-1
- Closer of business and itc of capital goods
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- ARCA LOGIN
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
