Hi
Our existing Director is resigning from the Board. He is the Compliance Officer also.
The Company is a LISTED COMPANY
We are appointing a new Director cum Compliance Officer in the Board Meeting .
How the same is to be intimated to Stock Exchange ?
1) Whether by mentioning in the Notice calling Board Meeting to Stock Exchange
2) By way of intimation of the outcome of Board Meeting?
Your early response is highly appreciated
regards,
Rajesh Pillai
Dear Rajesh,
First of all as per Clause 47(a) of the Listing Agreement. Company required to appoint Company Secretary to act as Compliance Officer.
Therefore, in terms of listing agreement only Company Secretary can be a Compliance Officer.
However, in your case......
Nothing to inform before the meeting regarding this matter.
After the meeting send a letter informing about the new Compliance Officer. Simultaneously, also inform to the NSDL , CDSL and RTA. There is no specified time limit but you should send this intimation at the earliest.
No need to send outcome of board meeting within 15 minutes, regarding this matter.
thanks ankur sir to understand new concept,
thanks 4 sharing ith us,
RTA is Registrar and Share Transfer Agent of the company..
Dear Ankur,
related queries:-
1. If a Director appointed as the Compliance officer whether they may be termed as the whole time Director by virtue of his/her position?
2. A Director appointed as the Compliance Officer in a Company and subsequently they were appointed as a Whole time director of the other Company. Can it be in compliance of the Companies Act, 1956 and SEBI.
Thanks in anticipation
Kanan.
Dear Sir
Please explain the procedure and under which regulation we have to inform to NSDL/RTA/CDL
Thanks in advance.
Regards
Sharvari
CAclubindia
