Resignation by managing director

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Can anyone please provide information / provision on Resiganation by Managing Director. I found many articals relating to resiganation by Director but i need on resignation by Managing Director

Replies (3)

Dear Lakhbir,

 

There is no any seperate provision for resignation for resignation of Managing Director, You have to File Form - 32 to ROC along with the Resignation Letter and Board Resolution for authorising the Resignation of the Managing Director.

Dear Sir / Madam,

case 1 : our Pvt. Ltd. company has appointed a "director" in the month of oct. 2010 for a term "for life or until he resigns" by a board resolution. (Note " Not as an "Additional Director" but as a director. & form 32 has been filed within time.

case 2 : our Pvt. Ltd. company has appointed an exisitng "director" as "Managing Director" in the month of oct. 2010 for a term "for life or until he resigns" by a board resolution. (Note " Not as an "Additional Director" but as a director. & form 32 has been filed within time.

My query to all you is (please give the answers as if applicable to private Limited company don't mix with public co. )

1) whether both these appointments have to be regularised in the coming AGM.

2) if yes, whether again for 32 has to be filed or not.

3) if yes, I need a format of putting up the issue in the agenda & draft of resoution to be passed.

Quick reply will be of great help.

thanks in advance
 

Assuming that yours is a Pvt Company which is not a subsidiary of a Pub Company, the answer to your queries as under -

1) No.

2 ) No need, as Form 32 is to be filed only once and this has been done earlier

3) --

 

Regards

DS


CCI Pro

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