chethan kowndinya (Director) (24 Points)
05 July 2010Hey,
We have an Private Limited company in India with Capital sum of Rs.1lac. The company has three Directors at present and we are interested in Creating a post i.e Chairman, CEO and COO and assign the three directors to the respected posts, so please specify me the procedure or resolution required for the same
Thanks
Regards
rohit
(na)
(21 Points)
Replied 05 July 2010
hii
anybody can provide the notes on WTO &SM,, or can else have the notes of Ravi Varma sir. if please send the same to rohitbolia123 @ yahoo.in
Ashish Gupta
(CS & Legal)
(114 Points)
Replied 05 July 2010
Creation of post of Chairman, COO and CEO are internal process of the Company. At present, law does not regulate creation and maintenance of any of these posts in any company.
Thus, creation of such posts will depend on your Company Board Meeting resolutions only.
Rgds,
Ashish
Nitin Grover
(CS)
(1228 Points)
Replied 05 July 2010
Dear Chethan
Just passed a B.R and give them this designation also. No just legal formality or form filling is required.
Regards
Shalini Nayyar
(Student)
(365 Points)
Replied 06 July 2010
@ Ashish Gupta :- Sir is it true for a public co. as well?
Ashish Gupta
(CS & Legal)
(114 Points)
Replied 06 July 2010
Yes.
There is no separate legal requirements for public companies also.
Rgds,
Ashish
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