Change of designation from director to md

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Abhijit Rane (Querist)
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27 June 2013
PLZ GUIDE ME ON THE PROCEDURE TO BE ADOPTED FOR CHANGE IN DESIGNATION OF DIRECTOR TO MD IN A PRIVATE COMPANY.

HE WAS A MD IN ONE OF OUR OTHER COMPANY IN WHICH I HAVE TO CHANGE HIS DESIGNATION TO NON EXECUTIVE DIRECTOR.

SECONDLY I WANT TO MAKE HIM MD IN OTHER COMPANY WHERE IS IS ALREADY A NON EXECUTIVE DIRECTOR AND PAY HIM REMUNERATION/SALARY FROM THAT COMPANY.

PLEASE GUIDE

REGARDS,

ABHIJIT

Ajay Mishra

Ajay Mishra (Expert)
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27 June 2013 Hi

Pass a Board resolution and change their position. After passing Board Resolution file Form-32 with ROC with in 30 days from changing.

Before doing this, you will take consent from such director for such changes.

Abhijit Rane

Abhijit Rane (Querist)
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27 June 2013 Thanks Ajay

do i need to file 23 for board resolution?

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Ajay Mishra

Ajay Mishra (Expert)
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27 June 2013 No need to file Form-23.