Appointment of md in a private limited company
This query is : Resolved
05 December 2015
there is a private limited company in which we need to appoint a person as managing director. Appointment will be made without any remuneration so sec 197 shall not be applicable.
Again section 196(4) and 196(5) are exempted for private limited companies so board approval will suffice in this case.
So in this case do we need to file MR1 and MGT14 or we need to file only DIR12?
Again section 196(4) and 196(5) are exempted for private limited companies so board approval will suffice in this case.
So in this case do we need to file MR1 and MGT14 or we need to file only DIR12?
07 December 2015
Yes, you only need to file Form DIR-12 with ROC. Section 197 is anyways not applicable to Private company (it applies only to Public Co)
However, please ensure that you comply with other applicable provisions of sections and rules.
Thanks
However, please ensure that you comply with other applicable provisions of sections and rules.
Thanks
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 filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- TDS related Query_Liquidated Damages
- NON- SUBMISSION OF LLP FORM 3
- Long Term Service award taxability in hands of company
- Last year TDS Claim
- Form 27Q Correction statement taking too long to update on IT Portal
- ITR selection for salaries and capital gain less than L
- Showing Gift from relative in ITR for this year
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
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
