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Mgt14

gaurav (student) (32 Points)

11 July 2014

what is MGT 14 ND ITS ADVANTAGES AND DISADVANTAGES?? HOW TO DEAL WITH IT???

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CA SONIYA AGARWAL (self practice) (3005 Points)
Replied 12 July 2014

ALL YOUR DOUBTS WILL GET CLEAR BY THIS LINK

https://www.taxmanagementindia.com/visitor/detail_article.asp?ArticleID=5665

https://www.slideshare.net/makjust4u/list-of-resolutions-need-to-be-filed-with-roc-in-mgt-14

Vandana J Doshi (Practising Company Secretary) (12562 Points)
Replied 12 July 2014

Hi, go through sec 117 read with sec 179 and relevant rules for the same for answer to your query......

CS Maya Menon (CS) (45 Points)
Replied 12 July 2014

I have a query....

i am CS of unlisted public company, but i do take care of four more associate company's compliances wherein CS is not req to be appointed. I am to file MGT14 for those companies... All my directors are outside India. So there is no Authorised signatory to sign certified true copy of resolutions of those companies, even though I have the DSC of those directors for e-form. In this case, can the Board of those four companies (minutes are prepared by me) authorise an official in my company to sign the documents and CTC???? Does Board has the power for the same???? or should the AUthorised signatory be an officer of that particular company?????

I ask this query, keeping here the fact tht board do authorise outside third party thru resolutions for carrying on business activities....

Please reply....

CS Maya Menon (CS) (45 Points)
Replied 15 July 2014

Hello...???

Please reply to my query??? i need advice...

CS Sandip Rahane (CS & Legal ) (368 Points)
Replied 15 July 2014

Maya, Board can authorise to any employee of the Company as an Authorised Person to sign, execute, submit etc... doc relating to the company / business through proper resolution in their Board Meeting.

VIMP : TAKE RESOLUTION from all these company Board.

CS Maya Menon (CS) (45 Points)
Replied 15 July 2014

Thanks Sandeep... but my query was authorisation of an official outside the organisation. Say for example CFO of a group company. To elaborate, can directors of company A authorise an official of its group / associate company B, as authorised signatory for company A? to sign documents, CTC and all? Given tht both companies share same directors?