Dear friends,
If a person is already appointed as a Managing Director then also we need to file DIR12 For designating him as a KMP as per Companies act, 2013
surinder singh bhatia (CS) (123 Points)
25 June 2014Dear friends,
If a person is already appointed as a Managing Director then also we need to file DIR12 For designating him as a KMP as per Companies act, 2013
Vandana J Doshi
(Practising Company Secretary)
(12562 Points)
Replied 25 June 2014
surinder singh bhatia
(CS)
(123 Points)
Replied 25 June 2014
Thanks Vandana,
I also have the same view because DIR 12 is the replacement of form 32 and that was filed for the purpose of appointment of Director and for appointment of MD MR1 earlier 25C is/was need to be filed so as per the provisions of new Companies Act, 2013 even if the Director is appointed as a MD there is no need to file DIR 12.
But some companies are Filing DIR 12 just for taking note of MD as a KMP.
Please Clarify
Avneesh Mishra
(CS Trainee)
(502 Points)
Replied 25 June 2014
Dear Mr. Bhaita,
MR 1 is required to be filed with a Consent Letter from the Proposed KMP along with the CTC of Board Resolution.
DIR 12 is not required
We have adopted the same practice in holding as well as all subsidiary companies.
Regards,
Avneesh Mishra!
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