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1624 Views 4 Ans

If CFO appointment is before March, 31, 2014. Is it required to file DIR-12 for the appointment of CFO now? Is there further requirement of filing MR-1 also, when remuneration to CFO is not subject to regulation or within the purview of Sections 196 &197 & schedule V.

KMP

Posted By: Nava bharat ventures limited 9 year(s) ago

This question has been closed if you want to answer,you have to re-open.


    Abhishek

if u r company is listed and public company then only provisions of paid up cap 10 Crore or more is applicable except appointment of cs when paid up of the company is 5 crore or more

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Expert    Ankit Singhi

Not required to file DIR- 12 and MR-1 as appointment was made before March, 31, 2014 in the cited case.

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    nagalakshmi

If your companies paid up share capital is ten crores or more you have to mandatorily appoint key managerial personnel as per section 203 of the new Act and such appointment shall be made through a board resolution. You have to file DIR-12 as well as MR-1 with the registrar.

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    Sundeep K Parashar

Yes. Both Form DIR-12 and Form MR-1 are required to be submitted !

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