Does following event require Special Resolution ??
resignation of an existing MD
Change of designation of an additional director as MD
Please Reply me ASAP
Thanks
Manoj Prasath (nil) (150 Points)
26 October 2012Does following event require Special Resolution ??
resignation of an existing MD
Change of designation of an additional director as MD
Please Reply me ASAP
Thanks
Rakesh Dhanuka
(Company Secretary)
(478 Points)
Replied 27 October 2012
No, MD can be appointed by passing ordinary resolution.
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 27 October 2012
First event can be noted in Board Meeting.
For second event, depending upon the remuneration, as per schedule XIII Ordinary or Special Resolution would be required. Form 32, 25C and 23 are to be filed in this regard. Form 23 is to be filed whehter or not special resolution is passed.