Change in designation from director to managing director


Khushbu (Practising Company Secretary)     23 April 2016

Khushbu
Practising Company Secretary 
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Dear Members,

Kindly guide me for the procedure and resolutions for change in designation from a Director to Managing Director of a Private Limited Company?

 

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CS Arjun Rajagopal (B.com, ACS)     23 April 2016

CS Arjun Rajagopal
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File MGT-14 within 30 days along with certified true copy of board resolution relating to appointment of MD (Section 117(3)(c)

File eform DIR-12 within 30 days of the board meeting along with certified true copy of board resolution changing designation of director to md.

Kindly obtain consent letter from MD.

The draft of board resolutions and consent letter of MD is attached herewith.


Attached File : 639608 20160423223352 appointment of md.doc downloaded: 4030 times
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Khushbu (Practising Company Secretary)     23 April 2016

Khushbu
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Thanks Mr. Arjun.

Is Shareholders Approval also required for change in designation?

 

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CS Arjun Rajagopal (B.com, ACS)     23 April 2016

CS Arjun Rajagopal
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not required

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Khushbu (Practising Company Secretary)     24 April 2016

Khushbu
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Also, for change in designation as Chairman, is it required to file Forms with ROC?

If yes, which form?

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CS Arjun Rajagopal (B.com, ACS)     24 April 2016

CS Arjun Rajagopal
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Originally posted by : Khushbu
Also, for change in designation as Chairman, is it required to file Forms with ROC?

If yes, which form?

MCA Signatory details will show only following types of director designation

1. Managing Director

2. Director

3.Additional Director

4. Alternate Director

5.Nominee Director

6.Director appointed in casual vacancy

Therefore if u appoint any of the above type of directors only u need to file form DIR-12. For appointment of Chairman no need to file any eform with ROC. 

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GAURAV (CS)     24 April 2016

GAURAV
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i am afraid something missed out in the above reply in my opinion...MR1 for appointment...shareholders approval as per sched V for remuneratoion

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CS Arjun Rajagopal (B.com, ACS)     24 April 2016

CS Arjun Rajagopal
B.com ACS 
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Originally posted by : GAURAV
i am afraid something missed out in the above reply in my opinion...MR1 for appointment...shareholders approval as per sched V for remuneratoion

Hi Gaurav,

The discussion is with respect to private company. MR-1 and shareholders approval is not required for private companies as per MCA exemption for pvt companies notification dt 05.06.2015

GAURAV (CS)     24 April 2016

GAURAV
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noted thanks

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sandeep (employee)     20 February 2017

sandeep
employee 
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Kindly

Send me the procedure for change in categories of director from Executive to Non-executive. And which forms we have to file to rRoc


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