Appointment of executive director in a unlisted public co.
Querist : Anonymous
Thanx & regards
Procedure for Appointment of Additional Directors.
1. Take consent of director and DIN/disclosure of interest
2. Call a Board Meeting for proposal of appointment of director
3. Hold a Board Meeting and appoint him as additional director.
4. File Form-32, with ROC, with in 30 days from the date of appointment.
5. Attach consent letter with Form-32, in case of public limited company.
6. Take entry in Minutes.
Next Step after appointment of Additional Director:
Procedure for Appointment of WTD and Regularisation of Additional Directors.
1. Call a Board Meeting for proposal of appointment of WTD and regularization of additional director.
2. Payment of Remuneration to WTD.
3. Hold a Board Meeting for above purpose and call general meeting.
4. File Form-25C within 90 days from the date of appointment and Form-32 for change in Position as WTD.
5. Hold a General Meeting for passing of resolution under section 257 to regularize the additional director, appointment of WTD fix the remuneration of WTD under section 198 and 309.
6. File Form-32, with ROC, of change in position of director attach certified copy of shareholders meeting. (you only mentioned in Form-32 as change in Position and designation will be WTD).
7. File Form-23 under section 198, 309 read with Schedule XIII of the Companies Act, 1956.
8. Take entry in Minutes.
Querist : Anonymous
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