Appointment of director

What are the provisions if the additional director is to be regularised at AGM??? Does he need to pay rs 100000, 14 days before the meeting??DIR 12 needed to be filed for his regularisation??

Originally posted by : gaurrav
	What are the provisions if the additional director is to be regularised at AGM??? Does he need to pay rs 100000, 14 days before the meeting??DIR 12 needed to be filed for his regularisation??

Hi Gaurav 

Give in AGM Notice as Special Business with explanatory Statement u/s 102. 

Yes he needs to pay Rs. 100000/-. 

Dir-12 needs to be filed for change in designation. 

Why is additional director require to pay Rs.1,00,000/-?

In form DIR 12 for appointment of Additional Director, letter of appointment is required. Can anyone give me the proforma of letter of appointment of additional director?

Originally posted by : Niraj
	Originally posted by : gaurrav What are the provisions if the additional director is to be regularised at AGM??? Does he need to pay rs 100000, 14 days before the meeting??DIR 12 needed to be filed for his regularisation??   Hi Gaurav  Give in AGM Notice as Special Business with explanatory Statement u/s 102.  Yes he needs to pay Rs. 100000/-.  Dir-12 needs to be filed for change in designation.

Whats the procedure for that payment, can it be made through cheque?? and it will be refunded back to directors once appointed??

Originally posted by : kiran
	Not required to pay 1 lack rs. Pvt. Ltd. Exempted as per sec. 157 1 lack have to paid by public ltd. Co. As per sec 160. Director aappointed as per artical.

Pvt Companies are not exempted under Section 160. The director or any member proposing his appointment needs to pay the sum of Rs. 1Lakh.