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Appointment of Managing Director in a Public Co.

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Querist : Anonymous

Querist : Anonymous (Querist)

07 January 2010 I m working in a Pub co. having paid up cap less than 5 cr. plz tell me the procedure of appointment of a MD in pub co and which documents, forms and resolutions are required to file with ROC. Plz explain me the whole procedure.

thnx a lot

Rasesh

Rasesh (Expert)

07 January 2010 If the company is appointing is MD, then even though the paid up capital is less than 5 cr, the provisions will apply.

Procedure:
1) Board resolution and prefereably an agreement with the MD
2) File Form 32 with ROC
3) File Form 23 for the agreement
4) Sent abstract u/s 302 to shareholders
5) Members resolution at AGM
6) Forn 25C within 90 days of appointment

Ankur Garg

Ankur Garg (Expert)

08 January 2010 Download a very useful file for the appointment of managerial personnel from the link below:

https://www.caclubindia.com/forum/message_display.asp?group_id=49657&offset=1

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