Reappointment of Managing Director

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A COMPANY HAS RE-APPOINTED AN EXISTING MANAGING DIRECTOR OF THE COMPANY FOR 5 YEARS WITH PAYMENT OF FIXED REMUNERATION & OTHER BENEFIT THROUGH BOARD MEETING & APPROVAL OF SHAREHOLDERS AND COMPANY NEED TO COMPLY WITH ROC WITH NECESSARY FILLING. NOW WHAT FORM COMPANY HAVE TO FILED WITH ROC, FORM 25C OR 25A.

Replies (5)

Dear Friend

 

If you re-appointed your MD through Board read with Schedule XIII without CG approval you must follow the following procedure;

 

  1. File Form 23 within 30 days of appointment with ROC.
  2. Fill SRN  of Form 23 in Form 25C. There is no need to file Form 25A.
  3. File 25C within 90 days from the date of appointment.

 

Regards

CS Ajay Mishra

Also Form 32 needs to be filed within 30 days from the date of reappointment.

Hi

form 23 for appointment of md since its special resolution

form 25c change in terms and condition of appointment of md e.g remuneration

form 32 appointment of MD

Above forms required to be file with ROC.

Dear Friends

 

In case of re-appointment, no need to file Form-32, because when you file Form 25A or 25C the MCA automatically collect the data. Form-32 requires only for appointment, cessation and change in position of a person or director. In case of re-appointment there is no need to file Form-32.

 

 

Regards

CS Ajay Mishra

Yes, there is no need to file form 32, only form 23 and 25C are required to be filed.

 

In case of Schedule XIII, please ensure the maximum time limit because most of the cases the maximum tenure is a limited to 3 years.

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