Retirement of managing director

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Querist : Anonymous (Querist)
30 November 2011 When a Managing Director of a Pvt. company retires, should the same be intimated to the Assessing officer. Is there any prescribed format of the letter. Who should sign this letter.

30 November 2011 The appointment and the retirement of Managaing Director in the case of a private company will be governed by the provisions of the Articles of Association of the Company and the terms of employment of the concerned Managing Director and the Company.
There is no such prescribed formate for intimation.

03 December 2011 Such intimation is not required to be given to the AO unless it is specifically asked by him through any notice or letter.


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