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Appointment of md

Kaushik Vankadkar (Service) (350 Points)

18 December 2011

A person is appointed as a managing director in a Pvt Ltd., and there exist no agreement to the effect.

Now, i want to file form 23 which ask for copy of resolution for appointment of the MD

Can some one please send me a format of the resolution keeping in view that there is no agreement.

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3 Replies

RG - A Helping Hand (Company Secretary) (13867 Points)
Replied 19 December 2011

Find below the resolution:

“RESOLVED THAT Pursuant to applicable provisions of the Companies Act, 1956 Mr. Mukesh Gupta be and is hereby appointed as Managing Director of the Company for a period of five years commencing From 01.01.2001 to 31.12.2005 and the remuneration and on the terms and conditions set out in attached sheet placed before the meeting and initialed by the chairman for purpose of identification.”

Agreement is not a mandatory one in a private company. It is just a method of appointment. Refere defination of MD.

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(Guest)

In form 23 select : Appt of MD. General meeting, ordinary/special resolution. Dont enter the details in form 23 in the points for agreement rather enter the details in the resolution section for appointment of MD. Thanks.