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A pvt ltd company has appointed a person of more than 21 yrs but less than 70 yrs as WTD in the Board meeting with effect from 1st July 2014. Form MR1 was filed thereafter within 60 days. The company is at present seeking shareholders approval with respect to the same by way of ordinary resolution. Should the company again file MR1 subsequent to the approval by shareholders?. If yes, what will be the effective date of appointment?. I presume that the fees for MR1 is calculated with reference to the effective date of appointment.

KMP

Posted By: Latha 10 year(s) ago

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Akansha

In pursuant to sec 196, appointment and terms and conditions for appointment of MD shall be approved by the Board subject to the approval of shareholders in the general meeting, hence MR-1 shall require to be filed at once within 60 days from the date of general meeting and it shall be treated as the effective date of appointment.

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