Appointing director in a pvt ltd company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 March 2013
Hi,
We are a private limited company(2 directors with 50% each) based in Bangalore and in the process of formalizing induction of a full time third director with equal distribution of stakes(33.3% each). Kindly suggest me the procedure for the same.
We are a private limited company(2 directors with 50% each) based in Bangalore and in the process of formalizing induction of a full time third director with equal distribution of stakes(33.3% each). Kindly suggest me the procedure for the same.
05 March 2013
Hi
You will do the following:
1. Appoint such person as additional director
2. File Form-32 with ROC with in 30 days from the date of appointment.
3. Transfer of shares of existing director to new director to maintain the percentage of 33% each or issue fresh shares to new director to maintain 33% shareholding.
4. In transfer is made comply the provision of section 108 of the Companies Act, 1956.
5. If fresh issue is made comply the provision of section 75 of the Companies Act, 1956.
You will do the following:
1. Appoint such person as additional director
2. File Form-32 with ROC with in 30 days from the date of appointment.
3. Transfer of shares of existing director to new director to maintain the percentage of 33% each or issue fresh shares to new director to maintain 33% shareholding.
4. In transfer is made comply the provision of section 108 of the Companies Act, 1956.
5. If fresh issue is made comply the provision of section 75 of the Companies Act, 1956.
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