Re-designation of a WTD as CMD

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.

Replies (7)

Dear Sir,

In addition to the already filed forms, You have also to take follwing further action:-

1. Forward the abstract of appointment and remuneration to the members of the company within 21 days of appointment

2. If your company is listed, Inform the Stock exchanges about the appointment

3. File Form 25C

4. Make neccessary entries in the required Statutory Registers.

Any other suggetions by the learned members?

Thanks

Hi , Vijay

 

Very well said by Charu, form 25C has to be filed within 90 days from the date of appopintment.

 

Regards

Following forms are required to be filed:-

 

Form 23

Form 32 for resignation of MD

Form 32 for Appointment of CMD

Form 25C

 

Stock Exchange Intimation under Clause 30 of the Listing Agreement.

Fully agree with Charu,

All the procedure told by Charu are to be complied with.

WHETHER  ANY RETURN IS TO BE FILED IWITH THE ROCN CASE OF RE-DESIGNATION OF MD AS CMD?

WHETHER  ANY RETURN IS TO BE FILED IWITH THE ROC  IN CASE OF RE-DESIGNATION OF MD AS CMD?

A.K.MAITRA

Originally posted by : ARUN KUMAR MAITRA

WHETHER  ANY RETURN IS TO BE FILED IWITH THE ROC  IN CASE OF RE-DESIGNATION OF MD AS CMD?

A.K.MAITRA


No form required to be filed with ROC for the prpose you've mentioned.

 

Thanks

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