Non executive director
This query is : Resolved
05 December 2016
Dear sir,
A Private Limited Company has 2 directors executive and 2 directors non-executive.
the company wants to change one director executive to non-executive
can the above company have 1 director executive and 3 directors non-executive.
Please suggest sir,
Best regards,
Narasimha
A Private Limited Company has 2 directors executive and 2 directors non-executive.
the company wants to change one director executive to non-executive
can the above company have 1 director executive and 3 directors non-executive.
Please suggest sir,
Best regards,
Narasimha
08 December 2016
yes, there is no such restriction. the company may have all the directors as executive or non-executive. it depends upon the appointment
08 December 2016
Dear Mr.C.Bakshi sir,
Thank you very much sir.
Best regards
Narasimha
Thank you very much sir.
Best regards
Narasimha
20 December 2016
Dear Mr.C.Bakshi sir,
i have one clarification, can you explain me the procedure to change the designation of a executive director professional to non-executive director independent and the section applicable as per the provisions of the act 2013.
Thanking you sir,
Narasimha
i have one clarification, can you explain me the procedure to change the designation of a executive director professional to non-executive director independent and the section applicable as per the provisions of the act 2013.
Thanking you sir,
Narasimha
20 December 2016
only a copy of board resolution of change in designation of director annexed with DIR-12 form is sufficient to comply.
21 December 2016
Dear Mr.C.Bakshi sir,
Thank you sir, and the applicable section sir is it 149(6) of companies act 2013, but i have one clarification as per section sir is it 149(6) of companies act 2013, the director who want to be an independent director, sholud not be a promoter and he should not have any shares in the company, he is one of the promoter and he has 0.05 shares in this private ltd company sir.
Best regards,
Narasimha
Thank you sir, and the applicable section sir is it 149(6) of companies act 2013, but i have one clarification as per section sir is it 149(6) of companies act 2013, the director who want to be an independent director, sholud not be a promoter and he should not have any shares in the company, he is one of the promoter and he has 0.05 shares in this private ltd company sir.
Best regards,
Narasimha
22 December 2016
if the person is of promoter group or a relative of promoter, then he can;t hold the designation of Independent director Further, he must have a shareholding below 2% (which includes shareholding of its relatives).
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