How can a private company appointed as a Director in another Company(Pvt.)?
please guide me ?? What formalities should be done regarding this situation in both company???
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Appointment of director
Replies (1)
Company Cant be a director of a Company
253. ONLY INDIVIDUALS TO BE DIRECTORS.
No body corporate, association or firm shall be appointed director of a company, and only an individual shall be so
appointed.
1[Provided that no company shall appoint or re-appoint any individual as director of the company unless he has been
allotted a Director Identification Number under section 266B.]
If it is a individual then in a Simple way...
1)Get a consent letter from him
2) Pass a Board Resolution
3) File F-32 as additional Director
4) Change hime to Director u/s 260 in the AGM
5) Intimating to the other Company is mandatory for Public Ltd but optional for PVt.
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