Appoinment of Managing Director of Private limited company

I agree with the comments of Shri S.K.Jain that in the case of a Pvt. Ltd. Company provisions of Sections 198,269,309 and schedule XIII are not applicable.It has been expressly provided in the Act. A Pvt. Ltd. Company can appoint three WTD ,subject to provisions in its AoA to appoint WTD.Even if a Director is appointed as MD, Form 32 is to be filed ,since there is a change in designation.

A.K.Maitra,M.Com,LL.B,A.C.A,A.C.S,M.I.M.A

An unlisted public company can appoint 3 WTD, subject to compliance with the provisions of Sections 198,269.309 and schedule XIII of the Companies. It need not have to seek approval of the Central Govt. but has to file Form23,32 and prescribed Return with the Central Govt. for their information.

A Pvt. Ltd. Company can also appoint a M.D. if there is provision in its AoA.

C.A. A.K.Maitra

any one provide the format of board meeting...

I fully agree with the comments of S/Shri S.K.Jain and R.K.Nayak in the matter.

An Un-listed  Public Ltd. Company may appoint three WTDs, subject to the provisions of its AoA to be read with the provisions of the Companies Act,1956..

in case of increase in salary of md of private company do we need to file form 23

Even if an existing director of a Pvt. Ltd. company is appointed as M.D.,Form 32 has to be filed .It is necessary to inform RoC about the change in designation of a director. Otherwise, RoC site will continue to show him as director and Annual report will show him as M.D.

my query is that in year 2011 md is appointed in pvt company and in 2012 his salary is increased in bm . any form to be filed

Dear Anjali ji,

Only form 23 is to be filed under section 192 of the Act.

Hi

As per my understanding, the provisions of remunerations of Companies Act will not apply to private limited company and company's management to free to decide any remuneration subject to company's articles of association.

No need to file any form with ROC.

Agree with the view of Mr. Ankur Form 23 is required to be filed, as per Section 192 of Companies Act

member of the private company can b a director of its own company.?

Hi

Yes, if such member is an Individual then he can be director of the company.