Appointment Of Director With Retrospective Effect In Montgomery
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FAQ
It is the date the appointment was entered into the company's Register of Directors, or if a director is being appointed at the same time as the company is being formed, the appointment date is the same as the date of incorporation.
It is the date the appointment was entered into the company's Register of Directors, or if a director is being appointed at the same time as the company is being formed, the appointment date is the same as the date of incorporation.
EFFECTIVE DATE—The date on which a personnel action takes place and on which the employee's official assignment begins. EOD (ENTRY ON DUTY)—The process by which a person completes the necessary paperwork and is sworn in as an employee.
The appointment of directors will usually be covered by the company's articles (or possibly a shareholders' agreement) which may provide for appointment by the board, or by the shareholders via a written resolution or at a general meeting.
When you appoint a director with Companies House (via the AP01 form of via our system) you are able to backdate the appointment. This is because Companies House take appointments “on good faith”.
Most commonly, directors are appointed by the shareholders at the Annual General Meeting (AGM), or in extreme circumstances, at an Extraordinary General Meeting (EGM). A resolution for the appointment is put to a vote, and passed if a majority of shares are voted in favour.
For an ordinary resolution to be passed at the meeting to appoint a director, or directors, such resolution must be supported by more than 50% of the shareholders who are eligible to vote at the meeting.
The maximum tenure for the appointment of a managing director is five years at a time. The managing director must submit the identity proof and address proof to the company for such an appointment. Re-appointment of a managing director can be done for another term.
As per my opinion, in case of re-appointment of Whole Time Director in the Board Meeting, Form MR-1 & MGT-14 required for filing with the concerned RoC. Period of filing of resolution in MGT-14 is with in 30 days from passing of resolution & MR1 should be filed with in 60 days from appointment with the concerned RoC.
