Appointment of M.D.
This query is : Resolved
CS Akansha Gambhir
(Querist)
27 January 2010
A Director is appointed as the Managing Director of a Pvt co. Can he himself digitally sign Form 23 and 32 required for this purpose as the other Directors do not have a DSC and its an urgent matter?
27 January 2010
Ideally, the person cannot sign the form as he is appointing himself.
CA.Tarun Maheshwari
(Expert)
28 January 2010
BUt an alternative to this problem is that pass a board resolution for his appointment and authorise that person to sign and file all the related documents woth ROC. That resolution must be signed by all the directors. Attach its copy as additional document and then file the form under his signature. Resolution must authorise that person for filing all the related documents to this effect.
CA Prashant Gupta
(Expert)
28 January 2010
I agree with rashesh shah He can't sign his own appointment.
CA Ravi Sisodia
(Expert)
28 January 2010
Agree, he can't sign his own appoinment.
CS Akansha Gambhir
(Querist)
29 January 2010
Thanks a lot
CS Akansha Gambhir
(Querist)
26 February 2010
Well this is to inform you all that the person who was proposed to be appointed as the M.D. signed the notice for conducting the Board Meeting, got appointed and was authorised to sign the required Form 32. Infact the minutes were also signed only by that person.
And the form has been approved.... Can the same person do all these formalities??
And the form has been approved.... Can the same person do all these formalities??
CA.Tarun Maheshwari
(Expert)
26 February 2010
Yes. I also replied the same thing. The person can do all these formalities if he is authorised. A resolution must be passed to that effect as I said earlier in my reply, to avoid any future litigation in this matter. Forms are approved without going indepth of internal documentations, but it must be in records of the company always.
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
- GSTR9 Annual Return
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Ito add credit side of bank
- Reward for festival
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Employee secondment
- Import of Capital Machine
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Gift to nri relatives resides in usa
- Capital gain on commercial property and investment in residential property
- Appointment of Auditor By Form ADT-1
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
