Non executive director
This query is : Resolved
05 December 2016
Dear sir,
A Private Limited Company has 2 directors executive and 2 directors non-executive.
the company wants to change one director executive to non-executive
can the above company have 1 director executive and 3 directors non-executive.
Please suggest sir,
Best regards,
Narasimha
A Private Limited Company has 2 directors executive and 2 directors non-executive.
the company wants to change one director executive to non-executive
can the above company have 1 director executive and 3 directors non-executive.
Please suggest sir,
Best regards,
Narasimha
08 December 2016
yes, there is no such restriction. the company may have all the directors as executive or non-executive. it depends upon the appointment
08 December 2016
Dear Mr.C.Bakshi sir,
Thank you very much sir.
Best regards
Narasimha
Thank you very much sir.
Best regards
Narasimha
20 December 2016
Dear Mr.C.Bakshi sir,
i have one clarification, can you explain me the procedure to change the designation of a executive director professional to non-executive director independent and the section applicable as per the provisions of the act 2013.
Thanking you sir,
Narasimha
i have one clarification, can you explain me the procedure to change the designation of a executive director professional to non-executive director independent and the section applicable as per the provisions of the act 2013.
Thanking you sir,
Narasimha
20 December 2016
only a copy of board resolution of change in designation of director annexed with DIR-12 form is sufficient to comply.
21 December 2016
Dear Mr.C.Bakshi sir,
Thank you sir, and the applicable section sir is it 149(6) of companies act 2013, but i have one clarification as per section sir is it 149(6) of companies act 2013, the director who want to be an independent director, sholud not be a promoter and he should not have any shares in the company, he is one of the promoter and he has 0.05 shares in this private ltd company sir.
Best regards,
Narasimha
Thank you sir, and the applicable section sir is it 149(6) of companies act 2013, but i have one clarification as per section sir is it 149(6) of companies act 2013, the director who want to be an independent director, sholud not be a promoter and he should not have any shares in the company, he is one of the promoter and he has 0.05 shares in this private ltd company sir.
Best regards,
Narasimha
22 December 2016
if the person is of promoter group or a relative of promoter, then he can;t hold the designation of Independent director Further, he must have a shareholding below 2% (which includes shareholding of its relatives).
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
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Refund of 20%pre-deposit paid for stay application
- TDS Challan Code
- Rent lease agreement
- Relief u/s Section 89
- Nomination of Bank for refund in itr 2
- E way bill for tractors
- SGST balance is there in credit ledger how to adjust for cgst
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
