Lex comply

    Completion of term of appointment of director

    Posted By : Damini / Published on : 07-Aug-2020 06:03 PM / View : 109 / Comment : 0
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    Dear All,

    Please share your views on the compliance to be done in the below case: It pertains to a private company wherein appointment of MD is not mandatory.

    'A' appointed additional director in July 2017 for 3 years
    Designation changed to 'director' at the AGM held in September 2017 on the same terms and conditions
    Designation changed to "Managing Director' in January 2019
    Retired by rotation and reappointed in AGM held in September 2019 (AOA provides all directors to retire by rotation at every AGM)

    Now since the term of appointment of 'A' is completed in July 2020, we need to reappoint him. He is still the Managing Director of the company.

    1) Do we need to first appoint him as director and then Managing Director?
    2) When is it required to file Form DIR12?

    Kindly share your opinion in this case.
    Read more on : director appointment term completion

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