Appointment of md
This query is : Resolved
09 May 2012
Loan of the company is defaulted and become NPA. Is the bank has any say in the appointment of MD
10 May 2012
Hi
If you are not maid any default in repayment of any of its debt(including public deposit) or debentures or interest payable thereon for a continues period of 30 days in the preceding year before the date of appointment , then you can not appoint him/her as MD unless you made correct such default.
This provision will not apply to private company unless it is subsidiary of public company.
Regards
If you are not maid any default in repayment of any of its debt(including public deposit) or debentures or interest payable thereon for a continues period of 30 days in the preceding year before the date of appointment , then you can not appoint him/her as MD unless you made correct such default.
This provision will not apply to private company unless it is subsidiary of public company.
Regards
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
- STCG....................................................
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- E way bill for tractors
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Loan by Partnership Firm
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
