Md resignation

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 May 2014 What is the procedure to be followed and what forms are to be filed with the Registrar if MD has resigned his office as per companies act,2013. urgent I am in need

CA. Amit G. Chandani

CA. Amit G. Chandani (Expert)
Follow

11 May 2014 1. Intimation to ROC in DIR-12 within 30 days from the receipt of resignation + post the information on website of company.
2. Disclosure of director in MBP-1 u/S 184(1).
3. Filing of MGT-14 u/s 117(3)(g).

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

12 May 2014 Thank you very much sir

Querist : Anonymous

Querist : Anonymous (Querist)

28 May 2014 Dear Amit Sir,

I think there is no need to file MGT 14 in the case of MD resignation. Once again pl confirm the issue regarding filing of MGT 14 pl. What kind of disclosure, he needs to be filed as he is going to leave the office of MD. I think you have replied my query by considering it as "Provisions relating to the appointment of MD".If so, pl provide the procedure for MD resignation.

CA. Amit G. Chandani

CA. Amit G. Chandani (Expert)
Follow

28 May 2014 Even at time of resignation, disclosure is required..pls refer section 189(2).

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

28 May 2014 So, in the case of MD resignation, no need to file Form.MGT-14 as it is not having any kind of special resolutions ????? Thank you very much for giving the reply for my questions by spending your valuable precious time.

CA. Amit G. Chandani

CA. Amit G. Chandani (Expert)
Follow

28 May 2014 Board Resolution is passed u/s 179(3)(k) for this purpose which is also required to be filed through MGT-14 u/s 117(3)(g)

Querist : Anonymous

Querist : Anonymous (Querist)

07 June 2014 Dear Sir,

Pl confirm the total procedure for resignation of director / MD:

1. Director shall give a notice of his resignation.

2. Board shall take note of that and file Form MGT-14 - Sec.117(3)(g) read with sec.179(3)(k) and rule 8(2) of (CH-12-Meetings of Board & It's Powers)

3. Co has to intimate the Registrar within 30 days from date of receipt of notice of resignation.

4. Post such info on website, if any.

5. Director shall also forward the copy of his resgn to ROC with detailed reasons to ROC within 30 days of resignation. - Sec.168 read with rule 7 (Appointment and Qualification of Directors)

6. Disclosure of interest - in Form MBP1 - Sec.184(1) read with sec.189(2)

7. Rsgn is effective from date of receipt of notice of resgn

8. Place such fact in BOD report laid in the immediately following GM by Co.

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

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

SARAVANAN PALANISAMY

GST Karimnagar state

Darshan

Krishnamohan Gangaraju

CA Bijo scaria

Subscribe Now

Md resignation

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA