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Please help most urgent

Parashar (Company Secretary 2004) (1013 Points)

05 November 2012

Can anybody please provide the provisions for the appointment of the Chairman of the Company (not of the meeting) like the appointment, duties, responsibilities means can he be on a safer side by appointing himself as chairman only and not as a Director. Please help it urgent.

thanks

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3 Replies

P C Agrawal (Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad) (8229 Points)
Replied 06 November 2012

Companies Act does not deal with appointment of Chairman of a company. It only talks about Chairman of a meeting (Sec.175) or Chairman of the Board (Sec.217). It is only in practice that many companies appoint one of its directors as regular Chairman of the company who becomes chairman of the Board and general meetings. If regular Chairman is not present, members can appoint someone else as chairman of the meeting. He does not get any additional powers or duties as such except as provided in the Act with reference to meetings. Chairman can be appointed by passing Board resolution.

Thanks

CA Mangesh Chitale (B. Com. A.C.A. DISA (ICAI) DIRM (ICAI)) (245 Points)
Replied 07 November 2012

Agreed with Agarwal ji.

CS Ankur Srivastava (Company Secretary & Compliance Officer) (17848 Points)
Replied 08 November 2012

If you are talking about the Chairman of the Board then the provisions of the Companies Act govern otherwise it is the matter of company's management to designate anyone as Chairman, President, Vice President.