Appointment of md requires ordinary resolution?

If we are appointing a Director as the MD of the company and appointment is as per Sch. XIII. Do we need to hold general meeting for paasing of Ordinary resolution?? if yes, then why so?? or Board Resolution is good enough to fulfill the requirement?? Please update me about my query

Thanks & Reagrds

Replies (7)

MD can be appointed by way of Board Resolution, however, in terms of Schedule XIII to approve the remuneration of the Managing Director we need to pass ordinary or special resolution depending upon the remuneration and respective table of Schedule XIII.

 

Under section 269 to appoint a WTD we need to comply part I and II of schedule XIII and a return of appointment is to be filed in form 25C withing 90 days of appointment.

Dear Deepika,

if he is already a director, then a Board Resolution is to be passed since it will only be a redesignation of the director. ordinary resolution is also required since now, he would be paid salary etc. hence, for this purpose even an ordinary resolutin is reqd.

in short both the resolutions need to be passed

 

Ankit

Thanks Ankur Srivastava and ANkit. I got my answer,  I got confused that we are holding general meeting for the purpose of appointing MD but this is because he will be paid remuneration as per sch.XIII, therefore, we are required to hold genereal meeting.

Dear Deepika,

 

the AGM is actually not required for appointment of an MD since he is already a director. but is required only to authorise the payment of the remuneration to him

for the appointment of the MD - BR

for his remuneration - OR / SR as the case may be

 

so the OR is to be passed once he has been appointed as a MD in the board meeting

Dear Ankit

Thanks alot.

deepika ...hav sent you a PM

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 29 October 2026
Article Assistant (CA Inter / CMA Inter) - Thrissur

Varma Raja & Associates

Thrissur

CA Inter

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
ARTICLESHIP 28 October 2026
Article assistants

Shyam S Gupta and Company

New Delhi

CA Inter

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details