Regularisation of additional director companies act 1956 pdf

Additional director on the board of directors board of the company with effect from 14th may, 2016, in terms of section 161 of the companies act, 20 and who holds office up to the date of this annual general meeting, be and is hereby appointed as director of the company. Sections of companies act 1956 still applicable tca. Nothing in section 255, 258 or 259 shall affect any power conferred on the board of directors by the articles to appoint additional directors. Pietro moscetta is hereby regularized as director of the company with immediate effect. The purpose is to ensure that the company, before entering into a contract or arrangement with such third party be informed to. Explanatory statement under section 173 2 of the companies act, 1956 item 1 n. As per the provisions of section 260 of the companies act, 1956 corresponding section 1611 of the companies act, 20 mr. A director is a person appointed to perform the duties and functions of director of a.

The company has received a notice as required under section 257 of the companies act, 1956 along with a deposit of rs. In erstwhile companies act, 1956, corresponding section for regularisation of additional director was section 257 which was not applicable to a. With every prospectus shall be attached the following documents when. Section 291 of the companies act, 1956 confers general power on the board of directors. An analysis of appointment of directors under the companies act. Extraordinary general meeting was regularization of two additional. Interpretation of person in accordance with whose directions or instructions directors are accustomed to act. Antonio helio waszyk holding din 02730946, who was appointed as an additional director of the company by the board of directors with effect from 1st october, 20, in terms of section 260 of the companies act, 1956 corresponding to section 1611 of the companies. It denotes a joint stock enterprise in which the capital is contributed by a large number of people.

Sikka, who was appointed as an additional director and. In respect of deposits accepted by the company in the past under the companies act, 1956, the company has paid the fixed deposit holders in all claimed cases in terms of the provisions of sora. Regularisation of additional director, corporate laws sebi llp. August 01, 20 in accordance with the provisions of section 260 of the companies act, 1956 and article 115 of article of association of the company. Shri dharmendra rama was appointed as additional director of your company from 1st february, 2008 pursuant to provisions of section 260 of the companies act, 1956. Section 161 of the companies act,20 deals with the appointment of additional director, alternate director and nominee director. Mca regulates corporate affairs in india through the companies act, 1956, 20 and other allied acts, bills and rules.

Power of central government to declare an establishment not to be a branch office. Subramaniam, who was appointed as an additional director of the company effective from july 11, 2012 by the board of directors and who holds office until the date of the annual general meeting, pursuant to section 260 of the companies act, 1956 and. He further, informed the members that the register of members, directors shareholding etc. Companies act, 1956 board of directors share repurchase.

Dcm directors report dcm director details the economic. Mar 25, 2015 and further appointed as managing director of the company w. Appointment of additional, alternate and nominee director. A person appointed as an additional director in 2008 and in the next agm he was not regularised by the members. Kamath, director of the company whose period of office is liable to determination by retirement of directors by rotation under the erstwhile companies act, 1956 and in respect of whom the company. Rayudu who was appointed as an additional director the meeting of the board of directors held on 28th may 2011, whose term expires at the ing annual general meeting of the company and for the appointment of whom the pany has received a notice in writing proposing his candidature for office of the director. Sneha bagla, who was appointed as an additional director with effect from december 10, 2009 on the board of the company in terms of section 260 of the companies act, 1956 and article 161 of article of association of the company and who holds office up to the date of this annual general meeting. The advantages of section 25 companies over other companies registered under companies act are discussed below. Appointment of additional director, alternate director and nominee director. In the erstwhile companies act, 1956, corresponding section for regularisation of additional. Section 264 consent of candidate for directorship to be filed with the company and consent to act as director to be filed with the registrar. Pursuant to section 260 of the companies act, 1956 the above director holds office up to the. Sample resolution for regularisation for regularisation of additional director resolved that ms. The amount of unclaimed legal cases has been deposited in a separate bank account to earmark the funds for the payment of these unclaimed legal cases.

Companies act the companies act is a successor to the indian companies act of 19 and is a consolidation of many successive amendment acts, statutory rules and principles laid down in decisions of. A shall be officer in default under section 5 of the companies act 1956. Board resolution for appointment of additional director. Resolution for regularisation of additional director. Section 277 choice by person becoming director of more than fifteen companies after commencement of act. In such a case details of all the three changes can be filed through the same form 32 only if the form is filed on or before 1st may, as. Notice of the extraordinary general meeting infosys. An act to consolidate and amend the law relating to companies and certain other associations. Companies act, 20 and other applicable provisions including any. On being put to vote by show of hands, the above ordinary resolution was passed unanimously. Managerial remuneration as per the companies act, 1956.

Explore the companies act 20 and companies act 1956. Paid up capital, one third independent director, companies act, 20. The name of the company hereinafter called the federation is the federation of indian mineral industries. Act 20 and or the companies act 1956, the company may make. Regularisation of appointment of an additional director resolved that mr. Director a is appointed on 1st april, director b is appointed on 18th april, and director c ceases to be associated with the company w. With the new companies act, the law has become more stringent for private companies than for public companies, moving from.

Companies act 1956 before the company law board, southern region, chennai. Group 1 aarti singh, azhar hussain, jyoti nawlani, nemchand meena, renuka sharma companies act. Rajendra kumar jhunjhunwala can hold office only up to the date of the ensuing annual general meeting. Draft board resolution for recommendation for regularisation of additional director resolved that pursuant to the provisions of section 160 of the companies act, 20 as amended or reenacted from time to time read with the companies appointment and qualification of directors rules 2014, the board be and hereby proposes the name of mr. Sneha bagla, who was appointed as an additional director with effect from december 10, 2009 on the board of the company in terms of section 260 of the companies act, 1956 and article 161 of article of association of the company and who holds office up to the date of. Schedule iv to the companies act, 20 including any statutory modifications or re. A director is a person appointed to perform the duties and functions of director of a company in accordance with the provisions. Procedure for appointment of directors under companies act. Resolved that pursuant to the relevant provisions of the companies act, 20, mr. However, there are certain points which are still to be reported which were also required under the 1956 act. Subject to the provisions of the act, the board of directors of a company shall be entitled to exercise all such powers, and to do all such acts and things, as the company is. Provisions of section 184 of the companies act, 20 stipulates that every director of a company both public and private shall disclose their interest or concern in third party.

Section 25 companies under companies act 1956 legal. A person who is not a retiring director shall, sub ject to the provisions of this act, be eligible for appointment to the office of director at any general meeting. The companies act, 1956 memorandum of association of the federation of indian mineral industries new delhi limited by guarantee and not having a share capital name 1. Regularisation of additional director, corporate laws. Jagdish shah was appointed as an additional director by the board of director w. Provided that such additional directors shall hold office only to the date of the next annual general meeting of the company. The provision for additional directors was present in section 260 of the erstwhile companies act 1956 which has since been replaced by sub. It is applicable to all public companies and private company which is a subsidiary of public company. Section 25 of the companies act, 1956 from the applicability of section 118. Pietro moscetta has to be regularized as director of the company. In accordance with the provisions of the companies act, 20 read with the articles of association of the company, the office of the additional director viz. Narayana murthy, after his appointment as additional director, was also appointed wholetime director in the designation of executive chairman by the board of directors in their meeting held on june 1, 20 for a period of five years with effect from that date.

Provisions of other acts referred to in companies act, 20. Indian companies act 1956 authorstream presentation. Name of the director holding din, who was appointed as an additional director of the company, by the board of directors in their meeting held on, under section 1611 of the companies act, 20 and other applicable provisions of the companies act, 20, including any statutory modifications or reenactment thereof and applicable provisions of the articles of. In this regard an attempts have been made from my side to compile the procedure for appointment of additional director in public company private company purely private taken the route of appointment of director by board. Relaxation of last date and additional fee in filing of eform 23c. Procedure for appointment of additional director in ca 20. Your directors recommend his regularization as director of the company. The companies act, 20 does not contain an exhaustive definition of the term director. Main provisions of companies act 1956 presented by. Section 2 34 of the act prescribed that director means a director appointed to the board of a company.

Right of persons other than retiring directors to stand for directorship. Rajendra kumar jhunjhunwala as the additional director of the company. Resolved that pursuant to section 1611 of the companies act, 20 read with rule 8, 9 and 14 of the companies appointment and qualification of directors rules, 2014 and other applicable provisions of the companies act, 20, including any statutory modifications or reenactment thereof, and provisions of the articles of association of the company, mr. As per the act,1956 if the additional director is not regularised in the. Somanadri bhupal, who retires by rotation, be and is hereby reappointed as a director of the company. Ordinary resolution for regularisation of additional director. Sample resoltion for regularisation of additional director. The articles of a company may confer on its board of directors the power to appoint any person, other than a person who fails to get appointed as. Report us 394a of the companies act, 1956 taking accounts of commentsinputs from income tax department and other sectoral regulators while filing reports by rds. Gujarat jhm hotels directors report gujarat jhm hotels. Regularisation of satish narayana swamy as director mr.

As per the provisions of section 260 of the companies act, 1956, he holds office of director up to the date of the annual general meeting unless approved by the shareholders. Amit daga, who was appointed as an additional director with effect from april 03, 2007 on the board of the company in terms of section 260 of the companies act, 1956 and article 39 of article of association of the company and who holds office upto the date of this annual general meeting, and in respect of whom a notice has. Hold and convene a general meeting and pass an ordinary resolution. Vikas joshi as the managing director and chief executive officer. Section 149 of the companies act, 20 brings out the following changes. Resolved that, in accordance with the provisions of sections 196, 197 and 203 of the companies act, 20, or any amendment thereto or modification thereof, this meeting hereby approves the reappointment of mr. Company law directors report page3 old points which shall continue reporting by directors in directors report under companies act 20 has increased tremendously. Section 260 in the companies act, 1956 indian kanoon. Notice of annual general meeting notice is hereby given.