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Quuery : re designation from whole time director to executiv

Dipti (CS Trainee) (71 Points)

02 May 2013

Sir

Can we change the designation of a Whole time director to Executive director , he is drwaing the salary rs. 1 lakh in hte company.

Regards

Dipti

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3 Replies

Sneha (Company Secretary) (1594 Points)
Replied 02 May 2013

Yes, file Form 32 for the change in designation from whole time director to director.

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P C Agrawal (Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad) (8229 Points)
Replied 21 May 2013

Yes, you can change the designation by passing suitable resolutions. However, Form 32 need not be filed for change in designation from WTD to ED.

Thanks

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Sneha (Company Secretary) (1594 Points)
Replied 21 May 2013

Form 32 is required for change in designation. The Director is appointed as Whole time Director. The Company is re - designating the said WTD to normal ED. Without Form 32 this change wont get reflected in signatory details.