Change of designation from Director to Managing Director

This query is : Resolved

MOHIT TANK (Querist)
Follow

23 September 2020 Hi,

In Case of Change of Designation from Director to Managing Director in Unlisted Public Company whose Paid up capital is more than 10 CR. so Company Required to File MGT-14 to ROC. So Please suggest that which section should company mention in E-Form MGT-14. ( Section 117 or Section 179 (3) ) . Please suggest,

Pratik Shah

Pratik Shah (Expert)
Follow

01 October 2020 MD is appointed as per Section 96. You need to comply with Section 96 first, which is main section.

In Form MGT-14, if you are filing Board resolution, you need to mention 117.