banner_ad

Reappointment of md in private company

Pvt ltd 1215 views 4 replies

Dear friends,

 
A private Company having two Directors(1 MD), MD term expired in March 2015
 
Co. holds a BM in Jan 2015 for his reappt. for further 2 years.
 
Requirements :
 
1. hold BM, file MGT-14 within 30 days
2. Is is mandatory to file MR-1 for Pvt. Company?
3. Hold GM (its in feb 2015) and file MGT-14 again.
4. Co. having only 2 Directors. (( Can resolution for reappt. of MD in Board meeting ( Jan 2015) can be passed with one interested Director(MD) ))?
 
One more query related to same. Can a single MGT-14 be file for MD reappt.(BM or GM) and Related party transactions?
 
Regards
 
Replies (4)

In case of appointment of MD by a private company, the company has to file MGT 14 and DIR 12. The form MR 1 need not be filed in this case as the company is not required to appoint KMP under the Act.

 

Thanks Mr. Mitesh.

As this is a case of reappointment and MD details are already in MCA.

Do we still need to file DIR-12 ??

Filing of Form MR-1 is still doubtful as you are correct that Company is not required to appoint KMP but Company had already appointed him as MD since 2012. Appointment includes reappointment so there is a doubt in filing of MR-1.

 

 

As DIR-12 file in case of Appointment, Cessation or Change in designation. Reappointment is mere extention so we do not require to file Form DIR-12.

If i am wrong than let me know.

as per my knowledge it is mention in Rule 3 of Companies (Appointment and Remuneration) Rules,2014 that if company appoint KMP than it shall file return within 60 days. 

It does not matter company is private or public if you appoint than file return.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details