change in designation
This query is : Resolved
07 June 2011
If an MD resigns to act as an MD but is willing to act as a Director.The Board accepted his resignation as an MD and also took note of his continuation as Director. whether form 32 for change in his designation from MD to Director will be enough and whether he will be an additional director u/s 260 C Act, and his appointment is to be confirmed in the next AGM. what is the status if the MD's appointment is in the Board or by the Articles and the same appointment is not confirmed in GM and he resigns before the confirmation.
08 June 2011
A MD must hold and continue to hold the office of director. A MD is first a director and then a MD with certain additional powers [shanta shamsher jung bahadur v. Kamal bros. Pvt Lth. 1959] so if in above case when MD was appointed he has been director of company, whether additional or regular so whatever position he held continue will it be...
And form 32 is enough in case of resignation no extra formalities...
And form 32 is enough in case of resignation no extra formalities...
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
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Under construction property in ITR
- Gift of mutual fund units to daughter
- Upload Level ValidationITR3Category of Defect B/D
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Reporting of STCG on Property in ITR
- ITR-4 vs ITR 5
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
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
