Appointment of Director
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 June 2011
can a private limited company appoint a director (Neither additional nor casual) in board meeting/EGM.
If no and the company has done it without knowing the fact this fact what are the remidies and how it can be corrected
If no and the company has done it without knowing the fact this fact what are the remidies and how it can be corrected
22 June 2011
A duly convened board meeting the company can appoint a Director as Managing Director of the Company.
Since the company is a private limited company there is no restriction in respect of the period of appointment.
The board can fix the period of appointment. If the articles of association empowers the board, then the board can fix the remuneration of the Managing Director. Within 30 days of the board meeting.
The company will have to file Form 32 and Form 23 with the Registrar of Companies (at present online).
Form 23 with board resolution has to be filed since it attracts the provisions of Section 192 of the companies act, 1956
Since the company is a private limited company there is no restriction in respect of the period of appointment.
The board can fix the period of appointment. If the articles of association empowers the board, then the board can fix the remuneration of the Managing Director. Within 30 days of the board meeting.
The company will have to file Form 32 and Form 23 with the Registrar of Companies (at present online).
Form 23 with board resolution has to be filed since it attracts the provisions of Section 192 of the companies act, 1956
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR returnFY25-26
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR validation error - Balance sheet is not filled
- Article ship defecit
- Bank Accounts in Balance Sheet for ITR 3
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
