appointing a cfo in a private company
This query is : Resolved
15 May 2009
Can one tell me the procedure to appoint a CFO in a private company? Is it necessary to inform the same to ROC? If yes in which form?
Ankur Garg
(Expert)
15 May 2009
Hi Deepika,
Appointmnet of CFO in a private company is not a statutory requirement.
But if you want to designate someone as CFO you can do so by simply passing a board resolution. Don’t forget to record the appointment in board meeting minutes.
Since appointmnet of CFO is not a ststutory requirement intimation to ROC is not required.
Best Regards
Appointmnet of CFO in a private company is not a statutory requirement.
But if you want to designate someone as CFO you can do so by simply passing a board resolution. Don’t forget to record the appointment in board meeting minutes.
Since appointmnet of CFO is not a ststutory requirement intimation to ROC is not required.
Best Regards
Ankur Garg
(Expert)
15 May 2009
The answer above is based on my personal understanding of law. Other professional views solicited.
Regards
Regards
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