Re-designation of a WTD as CMD

vijay krishna narala (Company secretary) (47 Points)

06 January 2011  

Dear All,

If a Whole Time Director who is a Chaiman of a Listed Company, upon resignation of the MD of the Company is re-designated as Chairman and Managing Director, with the same salary and terms. Filing of form 23 and 32( for re-designation) fulfills the requirement of procedure under companies act or any further compliance is needed.