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Regarding director

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(Querist)
22 November 2013 Hello..

one Co. with 15lac Auth. Cap. & paid up 5lac., initially 2 Directors (2.5Lac. each), But one more person want to join as Director (equal Contri.i.e 5lac each).

What are the provision of new Co. Act?
and requirements of MCA.
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Ajay Mishra

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Ajay Mishra (Expert)
22 November 2013 You can appoint in accordance with provision of section 161 of the Companies Act, 1956.
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Sanjay G

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Sanjay G (Querist)
22 November 2013 Thank You,

which are the forms do we need to submit with mca21.
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Ajay Mishra

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Ajay Mishra (Expert)
22 November 2013 The MCA has not issued any form till date. So you will wait for ROC filing.
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Sanjay G

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Sanjay G (Querist)
22 November 2013 Sir,

there is one form i.e form-5 increase in no. of members.

form-5 is not applicable for the given situation.
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