Regarding change of post of director

This query is : Resolved 

09 January 2012 Dear experts,

Please tell me what is procedure for change in post of a director to Managing Director.

E.G. What to do If a Director of a company, now became Managing Director of Company.

1) Is it necessary to inform to ROC ?
2) What are documents required ?
3) Other procedure (If any)

09 January 2012 yes appointment of MD is little lengthy process.
The appointment of procedure is governed by Section 267, 268 and 269.

This appointment requires filing of e form 32, 25C, 23.

And if situation demand form 25A also.

other views are solicited.

09 January 2012 Sir, if it is a public company and the paid up capital is Rs. 5 crore or more then you have to follow section 269 and alongwith the Schedule Schedule XII of the companies Act, 1956.
Yes forms to be filed with ROC, specified by section 269.

09 January 2012 sorry it is schedule, XIII

10 January 2012 Dear experts,

This is a private limited company (Subsidiary of Foreign company registered in Korea) still the procedure will be same ? or there is different procedure for private limited company ?

Authorised and Paid up capital is 65 Lacs.

10 January 2012 Dear experts,

Waiting for reply.

10 January 2012 Section 268 and 269 and Schedule XIII shall be applicable only on Public ltd Company and Pvt ltd Company which is subsiadiary of Public ltd Company.

In case of your company Appointment of MD shall be governed by AOA. If AOA is silent on this then pass a Board Resolution and need to file form 32 only for change in designation.

other views are welcomed

13 January 2012 Thank you very much Mr. Jitendra.


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


CCI Pro

Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news


Answer Query



Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details