Md in private limited company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 October 2013
Hello Experts,
Whether appointment of managing director is compulsory in case of private limited company having authorized, subscribed and paid up share capital Rs 5.00 Lakhs?
If yes then what is the procedure? Also give the model resolution to be passed?
If appointed then whether such appointment need be filed with MCA? If yes, then the e-Form and time limit?
If appointment is not compulsory, then how to appoint MD in a case where 10 directors are themselves the shareholders in a private limited company.
What are the provision regarding retirement of such MD?
Thanks
Whether appointment of managing director is compulsory in case of private limited company having authorized, subscribed and paid up share capital Rs 5.00 Lakhs?
If yes then what is the procedure? Also give the model resolution to be passed?
If appointed then whether such appointment need be filed with MCA? If yes, then the e-Form and time limit?
If appointment is not compulsory, then how to appoint MD in a case where 10 directors are themselves the shareholders in a private limited company.
What are the provision regarding retirement of such MD?
Thanks
16 October 2013
its not mandatory. It is mandatory only if paid up capital is above Rs 5 cr. In such a case you mistyped, 5 lakh instead of 5 cr, then refer to the following discussion and download the file attached by Ankur Bhai for the procedure.
https://www.caclubindia.com/forum/is-managing-director-compulsory-104057.asp#.Ul7HlFOaZSE
https://www.caclubindia.com/forum/is-managing-director-compulsory-104057.asp#.Ul7HlFOaZSE
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