Additional director as managing director

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 February 2014 Dear Experts

I have small question, plz help me out soon, its very urgent

I have incorporated a private Limited company with 2 Executive Directors and now I need to add one more director and he will be the CEO of the company.

I will add him as a additional Director till the next AGM, My question is while regularizing him as a Director in AGM can I change his designation as Managing Director and file form 32 or file form 25-C to make him managing director.

Plz help me...

CS Ankur Srivastava

CS Ankur Srivastava (Expert)
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13 February 2014 Yes you may designate him as a Managing Director and file form 32 for change in designation. However, form 25C is not required to be filed as section 269 is applicable only on the public companies. You need to file form 23 as well under section 192.

Hence, filing of form 25C is not applicable.

Querist : Anonymous

Querist : Anonymous (Querist)

13 February 2014 Thanks Ankur Sir,

So while regularizing and appointing him as managing director in general meeting I need to file Form 32 and Form 23

If Regularizing him just as Director only form 32 is enough rite??

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