Form32

Save Share

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 June 2013 when trying to upload form 32 with changes in director under category independent it is showing a message that it is not possible only public limited or listed companies. So my question is why independent not applicable to private limited company.
Please revert its urgent

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

13 June 2013 Not applicable to Pvt Ltd companies.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

13 June 2013 so sir can we select professional in place of independent and can i know why not applicable for private ltd co

Querist : Anonymous

Querist : Anonymous (Querist)

13 June 2013 so sir can we select professional in place of independent and can i know why not applicable for private ltd co

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

13 June 2013 The concept of independent director's was introduced vide clause 49 of the listing agreement of Securities and Exchange Board of India which is only applicable to listed public companies.

Querist : Anonymous

Querist : Anonymous (Querist)

13 June 2013 but sir when our company was incorporated we appointed a director as independent

Ajay Mishra

Ajay Mishra (Expert)
Follow

21 June 2013 You wrongly mentioned it. For private limited company independent director provision is not applicable. Most of the company follow this wrong practice.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now