Appointment of Managing Director

1. For the apointment of MD in pvt co. passing of board resolution is enough as section 269 and sch XIII not applicable. So before conversion appoint MD by passing board resolution.

2. Resolution for appointment of MD

“RESOLVED THAT subject to Article _____of Article of Association of the company and other applicable provisions, if any, of the Companies Act 1956 as amended, the consent of the Board of directors of the company be and is hereby accorded to the appointment of Mr. _________, as Managing Director of the Company for a period of 5 years with effect from ________________.”

3. As per my suggestion complete the MD appointment proceedings before conversion proceedings.

Regards  

Dear Neeta,

Mr. Ankur Garg is absolutely right, in fact MD may be appointed by way of BR in public companies also.

yes, you may appoint MD in the same EGM.

 Dear sirs

For conversion , the needs appoint a director , change in the designation of existing director( to MD ) , increasing the share capital , transfer of shares ,,

I think as suggested by you , the Appointment of MD and Director can go in the BM which proposes the EGM then rest all can go in the single EGM. Actually the dates of Director is limited since he is an NRI.

Also please tell me if there is any probs if i allot the increased share capital in the same EGM where the increased capital is approved. since Form 5 would be pending there. Or shud i go for transfer of Shares in the same EGM . this is to increase the number of memebrs to 7 .

regards

neeta