Resolution for change in management board

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Vamsi (Querist)

17 September 2013 Dear Sir/s,

I want to know that change in board of directors or management of public ltd company. is it required resolution. If it is reqd. which of type of resolution is required. please give resolution format for the same.

Thanks in Advance

Vamsi

Ajay Mishra

Ajay Mishra (Expert)

17 September 2013 Hi

As per companies Act, the board of director of the company will change by appointment or resignation of director.

The constitution of Committee of directors will be changed by Board of director by passing of resolution.

Ajay Mishra

Ajay Mishra (Expert)

17 September 2013
RE-CONSTITUTION OF AUDIT COMMITTEE

The Chairperson informed the members of the Board that due to the resignation of Mr. RK as a member of Board, it was proposed to appoint new members in Audit Committee to fill the vacancy caused by the resignation of Mr. RK as a member of the Committee. The Board discussed the matter and thereafter passed the following resolution unanimously:

“RESOLVED THAT pursuant to section 292A of the Companies Act read with Clause 49 of the Listing Agreement, Ms. R, Independent Non- Executive Director on the Board of Directors of the Company be and is hereby appointed as member of the Audit Committee with effect from May 30, 2010.

RESOLVED FURTHER THAT the re-constituted Audit Committee shall have the following form:-

Ms.E Chairperson
Mr. S Member
Ms. R Member”

Vamsi

Vamsi (Querist)

17 September 2013 Sir Im not asking for the audit committee, im asking about change in management.

Ajay Mishra

Ajay Mishra (Expert)

17 September 2013 I am given you an example. Read answer carefully.

Ankur Garg

Ankur Garg (Expert)

18 September 2013 Kindly let us know what kind of change you want to bring in the board.

Are you going to appoint new director or remove any director. For any change you have to pass requisite resolution of Directors or shareholders.

Filing of necessary return with ROC would also be required.

Thanks

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