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Appointment of managing directro
Dears,
a newly incorporated public company has its managing director by virtue of its AOA. Is it mandatory to file form no. 25C for his appointment?
Please advise
Replies (1)
Company having paid-up share capital of 5 crores or more must appoint a Managerial Person. "Managerial Person" means a Managing Director, whole-time director or Manager.
Appointment or re-appointment of any one of these Managerial Person is enoughfor the provision to Apply.
The provisions are applicable only to public company or a private company which is subsidiary of a public company [section 269(1)]. When his appointment or re-appointment is made, a return electronically in form 25C should be filed within 90 days with Registrar of Companies. [section 269(2)].
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