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18.02.2016 Query regarding appointment of Whole time Director (WTD) - (Section 196) Company “ABC ltd” at its meeting of the Board of Directors of the Company held on 9th February, 2016 has appointed Mr. A (age more than 70 years) as a WTD of the Company with effect from 1st April, 2016 for a period of 3 years and Mr. B who is presently the WTD will retire with effect from the said date. As per rule 3 of The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 company “ABC ltd” is required to file return of appointment of a WTD in form MR-1 within 60 days of such appointment. Query: Whether 60 days will be counted from the date of Board meeting i.e., 9th February, 2016 or from the date of Annual General Meeting somewhere in August 2016 when the shareholder will pass special resolution for such an appointment.

Director

Posted By: Amish 8 year(s) ago

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

PRAVIN SATARDEKAR

60 days will start from 1.04.16 i.e the effective date of appointment. If you try to file form MR1 now, it will not accept effective date of appointment which is a mandatory filed, being a future date.

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