APPOINTMENT OF MD
This query is : Resolved
04 August 2010
Dear all,
any one can explain me the following?
What is the procedure to be adopted at the time of MD appointment in a private limited company?
any one can explain me the following?
What is the procedure to be adopted at the time of MD appointment in a private limited company?
04 August 2010
Section 269 is not applicable to a private limited company. Hence, the routine procedure followed by a public limited company i.e, appointment of the director as MD at a Board Meeting and subsequent confirmation at the AGM is not required.
The Private Limited company can appoint the person as MD directly at the Board Meeting and file all the necessary forms i.e, Form 32 for appointment or change in designation, Form 23 for agreement if any entered with the MD (strictly not required), Form 25C for appointment of MD.
The Private Limited company can appoint the person as MD directly at the Board Meeting and file all the necessary forms i.e, Form 32 for appointment or change in designation, Form 23 for agreement if any entered with the MD (strictly not required), Form 25C for appointment of MD.
04 August 2010
Agree with expert...
However as per my opinion form 25C is not required to be filed as this is section 269 requirement which is not applicable to a private company.
Form 32 u/s 303(2) and form 23 u/s 192 are mandatory to be filed with ROC.
You may appoint MD simply by passing a board resolution.
However as per my opinion form 25C is not required to be filed as this is section 269 requirement which is not applicable to a private company.
Form 32 u/s 303(2) and form 23 u/s 192 are mandatory to be filed with ROC.
You may appoint MD simply by passing a board resolution.
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
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Tds on building rent monthly
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
Trending Online Classes
CAclubindia
