Wtd through circulation section 289

Dear Members,

A subsidirary of a listed Company has to appoint a whole time director on urgent basis. The person to be appointed as WTD is not a Director in the subsidiary

Can a subsidiary company having inadequate profit appoint a WTD through circular resolution ?

Please confirm.

 

Regards,

Mayuri lal

 

Replies (3)

Ya, it may appoint a WTD by way of resolution passed by circulation, but it has to be noted in the next board meeting and the appointment will be subject to the approval of Shareholders in General Meeting because schedule XIII is applicable and according to the applicable table ordinary or special resolution is to be passed.

Yes WTD can be appointed with circular resolution and that appointment will be subject to shareholder approval. Rest Ankur sir has rightly mentioned.

Yes, it is possible to appoint WTD by circulation.  However, technically only a director can be appointed as WTD.  A person who is not a director should be first appointed as additional director and then in the same resolution he can be appointed as WTD on payment of remuneration subject to approval of members.

 

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details