The Appointment of Managing director is directed by the Section 203 of the Companies Act, 2013 (prior Section 269 of the Companies Act, 1956). As you begin forming a company, you’ll have to assign a number of important positions to worthy candidates.And one of the most important positions is that of a company director, which can be assigned any time after incorporation. 7 December 2017. How to Appoint and Remove a Company Director . The Companies Act, 2013 does not mandates a Private Company to appoint Managing director, Whole-Time Director or Manager. In Private Limited Company Directors plays main role in its functioning, Directors takes day to day decisions for business operations, Directors are key person in whom Shareholders of company trusts for their money invested, here in this article we will discuss about how a company can have new Director on its Board legally in India : 9 February 2018. New AP01 online filing access. It also does not prohibit voluntary appointment of Managing Director, Whole-Time Director or Manager by the Private Companies for efficient management of their businesses. 30 June 2016. 9 October 2015 If a company agrees to pay a director in connection with his removal from office then the payment might require shareholder approval. To appoint a new director for a private limited company, you must provide the following information to Companies House: Full name of the new director Former name(s), if … Link to nationalities and countries added. However, it is not mandatory to appoint a Managing Director in a Private Limited Company under the Companies Act, 2013.
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