Managing director
Querist : Anonymous
IS He considered as MD ????? because he is no more director as per Sec-260.
now i require his appoinment continue what is the procedure do i adopt for this??????
repply urgent
If a person while he was the additional director of a company had been appointed as the managing or whole-time director, the later appointment also ceases simultaneously with the cessation of his directorship at the commencement of the annual general meeting. However, if such a person is re-elected as full-fledged director at the annual general meeting and thereby he continues as a director of the company, he shall continue as a managing or whole-time director also for the period for which he is so elected by the annual general meeting.
Querist : Anonymous
ya I know this, i want to know the procedure by which he continue considered as a MD of the company from Oct2011 till yet. I cant hold GM in Bak date as its holding comany is listed in foreign they require to give intimation before a month. we can pay penelty but wants anyhow to be him on directorship position........
I will suggest you to again appoint him as on date of AGM as additional director after AGM on Board Meeting.
Querist : Anonymous
Yes, firstly you will file Form-32 for resignation of additional director. after that you will again file form-32 for appointment of additional director,Form-23 for registration of resolution and lastly Form-25C for appointment of MD.
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