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Do we need to file MGT 14 for below mentioned resolution of First BM?

Varun Sharma (Proprietor-Sharma Varun & Co.)   (244 Points)

19 August 2016  

 

  1. Approval and adoption of Certificate of Incorporation.
  2. Appointment of Chairman of the meeting.
  3. Taking up registered office of the company.
  4. Adoption of common seal.
  5. Share allotment after payment.
  6. Approval on preliminary expenses.
  7. Authorisation of filling various E-Forms under Companies Act, 2013.
  8. Authorisation of person for safe custody of statutory records.
  9. Authorisation to sign routine documents.
  10. Appointment of first auditor of the company.
  11. Opening bank accounts of the company.
  12. First Director of Board.
  13. Authorisation under various authorities.
  14. Disclosure of Interest of Directors.
  15. Discuss any other business.

 


 2 Replies

srinivas rao (Executive) (41 Points)
Replied 31 August 2016

Not required.

P C Agrawal (Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)   (8190 Points)
Replied 31 August 2016

I suggest that we should make a list of resolutions for which MGT.14 is required to be filed as per provisions of the Act/Rules and restrict to that only.    If resolution is covered under your  list of MGT.14, file the return otherwise forget.  We need not make a list of all resolutions passed in the meeting and raise a query.

 

Sometimes we are over-compliant.  I came across a company which informed that they were filing MGT.14 every  quarter for all the share transfers made during the quarter!  Reason?  Just to update records of  ROC !!!  

 

 

 


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