CCI Online Learning
What do you want to learn today?

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Appointment of md in a private ltd co.

This query is : Resolved 

Hi All,
I have a small doubt regarding MD appointment in Pvt Co.

I need to appoint MD in a PVT LTD co.Is it sufficient to pass Board Resolution and file Form 32.
The Articles allows Co. to appoint MD.

I guess your company is not a subsidiary of a public company. Then section 269 governing the appointment of managing director does not apply. As per section 303(2), you will have to file form 32. You may appoint by board resolution but in that case intimation to ROC in e-form 23 shall also be filed by virtue of section 192(4)(c). Apparently if you pass the resolution in general meeting the resolution need not be filed.

Its purely private company. And appointment is to be made in Board Meeting only not general meeting, So shall i file Form 23 also along with Form 32?

Yes, like I said by virtue of section 192(4)(c) you need to intimate the ROC of appointment, so you need to file form 23 along with a copy of board resolution and form 32 for appointment of MD.

Agree with Abhishek!!

You need to be the querist or approved CAclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Trending Tags

GST Live Class    |    x