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Md appointment in private limited company

20 December 2013

Hello Clubbers,

I need clarification from you regarding Appointment of Managing Director (MD) in a Private Limited Company as per Indian Companies Act, 2013.

My questions are given below:

1) What are the required e-Forms to be filed for MD Appointment in a Private Limited Company ?

2) Is there any changes in CA 1956 & 2013 regarding this appointment in Private Limited company ? (I went through the 98 sections & didnot fin any change but still I need help for confidence)

3) Within how many days the e-Forms has to be filed ?

Please help me soon. Thank you

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4 Replies

Syam Kamal (Company Secretary) (66 Points)
Replied 21 December 2013

In Companies Act, 1956, the Board resolution appointing managing director should be filed with the ROC in form 23 within 30 days. Thats all

w.r.t the Companies Act, 2013 provisions regarding appointment of MD has not been notified yet.

Bina Ipe (practising CA) (36 Points)
Replied 31 July 2014

The pvt limited co. was incorporated on 1/7/2014 under the provisions of the new Act. In the articles, a Managing Director has been appointed. Is it necessary to file form MR1 and MGT 14, regarding the terms of appointment?

Vandana J Doshi (Practising Company Secretary) (12562 Points)
Replied 01 August 2014

Yes Bina....though the AOA mentions the MD, the same is required to be shown in MCA portal....so it is necessary......

Bina Ipe (practising CA) (36 Points)
Replied 01 August 2014

But Vandana, in the "view signatory details" of MCA site, that person's designation has already been put as Managing Director.So is it still necessary to file MR1 in this case?