Retirement of Whole Time Director
This query is : Resolved
22 November 2009
hi,
My query is that in case of limited company, if any Whole Time director has crossed his age above 70 years then is there any need to file form 32 regarding his retirement of such director from his post of Whole Time Director.
My query is that in case of limited company, if any Whole Time director has crossed his age above 70 years then is there any need to file form 32 regarding his retirement of such director from his post of Whole Time Director.
22 November 2009
The appointment of a WTD is done by the Board of Directors and approved by the Members. At the time of appointment, the tenure is decided and is written in the terms and conditions of his appointment. Hence, this age limit of 70 or any other age does not apply. Once the tenure is completed and if it is decided not to re-appoint him as a Director, then a form has to be filed to note his retirement as a WTD. However, he would continue as an regular director (non-executive director)
22 November 2009
Form 32 is required for changes in directorship. If MD or WTD becomes a regular director or vice versa, Form 32 is required.
23 November 2009
Agree
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
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Tax on Deemed Capital Gain
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
