Dear Friends / Experts,

Query

Whether an Unlisted Public company can appoint its whole time company secretary
as Whole time director. If so, should there be any agreement (mandatory) or fixed tenure, etc.

Ans : .................

If the Board approves the appointment as Whole time director, what are all the forms to be filed. (Is it Form 32 and Form 25C)

Ans : .................

As his appointment as whole time director by board, should the designation be filled as 'ADDITIONAL DIRECTOR' in the Form 32 and later regularised in the general meeting.

Ans : .................

Whether Form 23 is applicable for appointment of Whole time director of an Unlisted public company (or is it applicable only to a MD).

Ans : .................

I shall wait for your views.

Thanks.
D.KARTHIKEYAN.

CAN DIRECTORS OF A PRIVATE LIMITED COMPANY TRANSFER THEIR WHOLE SHAREHOLDING IN THAT COMPANY TO ANOTHER DIRECTORS CHILDREN WHO MINOR IF SO PLEASE MENTION THE SECTION
AND IF THE DIRECTORS ARE OUTSIDE THE INDIA TRANSFER CAN BE DONE WITH OUT THEIR PRESENCE IN INDIA

PLEASE MENTION RELAVANT SECTION APPLICABLE TO THE QUERY

can a private limited company appoint a director who is a husband to one of the director of the company without having share capital in the company
Please clarify and please mention the section under which appoitment can be made

Can a redeemable preference shares be converted into equity shares in a private company?

Hi,

Can any one give me brief idea about the section 187?

When the shareholder should conduct the director meeeting for this, if shares has have with the co.?

Regards,
Vishal

Who is an Executive and Non-executive director? Which Act defines these terms? Also Part time Director et cetera?
Yesterday many top notch Bankers were arrested by CBI. Among them their is a Chartered Accountant who is a director of Central Bank of India.
On television the Chairman of Central Bank of India, S Sridhar was telling that the arrested director is a Part-time Non-executive Director under Chartered Accountant category and he was not an official of the bank. Also he stated that he did not have access to the books of accounts of the bank. i got confused after hearing this.
Can somebody clarify this ?

Who is an Executive and Non-executive director? Which Act defines these terms? Also Part time Director et cetera?
Yesterday many top notch Bankers were arrested by CBI. Among them their is a Chartered Accountant who is a director of Central Bank of India.
On television the Chairman of Central Bank of India, S Sridhar was telling that the arrested director is a Part-time Non-executive Director under Chartered Accountant category and he was not an official of the bank. Also he stated that he did not have access to the books of accounts of the bank. i got confused after hearing this.
Can somebody clarify this ?

Our company is a Public Company (State Govt. Undertaking. At present we have 11 directors on our Board out of which 10 are nominee directors appointed at various board meetings and 1 director was appointed as an Independent Director in the general meeting.

Now my question is how many directors are liable to retire by rotation at the AGM. As per my understanding sec 255 is not applicable on nominee directors.

so whether the Independent Director appointed at general meeting shall be liable to retire at every AGM if there is no change in the composition of the Board.

MY CONFUSION IS THERE IS PUBLIC COMPANY IN WHICH ONLY THREE ADDITIONAL DIRECTOR NOT ANY REGULAR DIRECTOR THIS DIRECTOR WERE APPOINTED IN THE MONTH OF FEB-08
THE AGM OF THE COMPANY HELD FOR THE YEAR ENDED 31 ST MARCH 2009 IS ON 31-09-2009 SO ALL THREE ADDITIONAL DIRECTOR AUTOMATICALLY RETIRED.
MY QUESTION IS COMPANY WANT TO APPOINT THIS THREE ADDITIONAL DIRECTOR AS A REGULAR DIRECTOR SO WHAT PROCEDURE COMPANY SHOUD FOLLOW FOR THAT ?

Dear All,

We have a private limited company. Our Boss is CEO and director in the same company and taking as remuneration as a CEO.
Now we want to appoint him on another private limited company as a Managing Director.
Can he take remuneration as a Managing Director in another private limited Company.