Roc form 32-appointment of md-executive/nonexecutive

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Dear all,

 

Private Limted Company appointed Non-executive director as Managing Director.

Do Company need to change Non-executive director to Executive and then appoint him MD? If so, should Board resolution be passed? (Please suggest any format)

If company need to change Non-executive director into executive director, do company need to file any form with ROC? If so, what are the forms and attachments (if any) need to file with ROC?

Can company file form 32 indicating Executive director without filing any other forms?

Replies (1)

Call a BM for app of the NED as MD and decide the terms and conditions of the agreement for the same.

 

File form 25C, 23 and 32.

 

Form 23 for registration of MD's agreement-within 30 days of BM.

 

Form 25C-for return of appointment of MD-within 60 days of BM.

 

Form 32 for change in the designation of that NED to MD-within 30 days of BM.

 

In the ensuing AGM get the approval for appointment of MD as a special resolution.

 

Hoping your queries are solved....

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