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Wtd

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(Querist)
26 November 2012 Hi
Mr. A is Whole Time Director (WTD) of listed company. If he wants to resign from the post of WTD, can he be appointed as Non Executive Director in the same company on the same day?

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Jagdish
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Ajay Mishra

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Ajay Mishra (Expert)
26 November 2012 Hi

You wanted to change in position of director.



If yes, then, You just change the designation/position of WTD and intimate the ROC with Form-32.
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CS Ankur Srivastava

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CS Ankur Srivastava (Expert)
27 November 2012 Yes, in this case you need to file form 32 for change in designation.
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Jagdish

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Jagdish (Querist)
05 December 2012 But, is it necessary to take the approval of shareholders in EOGM OR AGM for changing the designation of WTD?
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Ajay Mishra

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Ajay Mishra (Expert)
05 December 2012 No need of shareholder resolution only Board Resolution will be sufficient.

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