Default in regularization of additional director
This query is : Open
23 July 2014
Dear Sirs/Madam
A Person was appointed as an additional director in Company X in 2008, he was not regularized in that year ensuing AGM and till date he has not been regularized.
But such additional director has signed in all statements of Company post 2008.
What is the effect as of now under the Act and what is to be done !!! Kindly advise.
A Person was appointed as an additional director in Company X in 2008, he was not regularized in that year ensuing AGM and till date he has not been regularized.
But such additional director has signed in all statements of Company post 2008.
What is the effect as of now under the Act and what is to be done !!! Kindly advise.
23 July 2014
Technically he is no more a director in the Company as Additional director works only till the conclusion of the next AGM. In next AGM such additional director needs to be regularized.
However you can file formDIR.12 with late fees as effective date of regularization will be the AGM 2008. However rest is dependent on the fact that whether you have filed Annual return or not. It is better to get in contact with a professional firm.
Thanks
However you can file formDIR.12 with late fees as effective date of regularization will be the AGM 2008. However rest is dependent on the fact that whether you have filed Annual return or not. It is better to get in contact with a professional firm.
Thanks
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
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- TDS Deducted AY-2013-14 Not Reflected in 26as
- ADVANCE PAYMENT OF ADVOCATE
- NRI starting business in India
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Eway bill not cancelled within 24 hous what can be due
- GST rate and HSN code for sale of racing horses
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
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
