Changing of md
This query is : Open
18 June 2013
SIR,
CAN A PRIVATE LIMTED CO. CHANGE THE DESIGNATION OF MD WITHOUT THE CONSENT OF MD OR INFORMING MD.
WHAT ARE THE PROCEDURES REQUIRED & WAT ARE THE CONSEQUENCES?
ONLY CHANGING DESIGANTION, NOT REMOVAL OF DIRECTORSHIP.
CAN A PRIVATE LIMTED CO. CHANGE THE DESIGNATION OF MD WITHOUT THE CONSENT OF MD OR INFORMING MD.
WHAT ARE THE PROCEDURES REQUIRED & WAT ARE THE CONSEQUENCES?
ONLY CHANGING DESIGANTION, NOT REMOVAL OF DIRECTORSHIP.
Ajay Mishra
(Expert)
19 June 2013
Hi
Please check what your articles says on it. The provision of 269 dealing with MD is not applicable to private limited company. So it is govern by its article.
Generally, without the consent of the MD, you can not change the position thereof, because it is placed before the board for changing the position and for this Form-32 will be filed with ROC.
Please check what your articles says on it. The provision of 269 dealing with MD is not applicable to private limited company. So it is govern by its article.
Generally, without the consent of the MD, you can not change the position thereof, because it is placed before the board for changing the position and for this Form-32 will be filed with ROC.
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