Form 32_under MCA 21

It is a brief description on Form No:32 under MCA 21, helping professionals and young enthusiastic minds to get a new meaning on this form. Which is filed for appointing of various managerial personnel's and for registering their cessation with Registrar of Companies.

2. Form-32
Section 303 (2)
The company shall, within
a period of 30 days of any
change in the Board.
Section 264
(2) / 266 (1) (a)
Signed and filed with the
Registrar a consent in
writing to act as such
director
Section 266
(1)(b)(iii)
Signed and filed with the
Registrar an undertaking
in writing to take from the
company his qualification
shares if any, and pay for
them
© Deepak Jijo, 2013

3. Why Form 32..?
Registering Particulars of appointment of Managing
Director, Manager, Director and Secretary and changes
among them..with RoC
Registering Cessation of Managing
Director, Manager, Director and
Secretary..with RoC
`
Registering change in designation of
Director into MD and viceversa&
additional director to Director
© Deepak Jijo, 2013

4. © Deepak Jijo, 2013

5. 1.Whenmorethanoneappointment/changeis
happenedwithinadurationof30daysthenit
canbefiledinasingleForm32.
2.Ifanappointmentandcessationofsame
personisfilingthendifferentForm32’sare
required.
3.MakesurethatFormsarefilingina
chronologicalorder,thatthereshouldnothave
anyForm32pendingwithoutuploadedwhile
thislatestoneisgoingtoupload.
4.Ifappointmentismadebefore30
th
June2007,
thenDIN3isrequiredtobefiled.
© Deepak Jijo, 2013

6. 5.WhenaDirectorbecomesManagingDirector
andviceversa,onehavetofileform32for
changeindesignation.
6.InForm32,onecouldfillonly4Manager(s),
Secretary(s)detailsand12Director(s),
ManagingDirector,Manager(s)details.
7.WhiletheappointmentofaCompany
Secretary,ensurethatheisnotholdinga
CertificateofPractice.
8.Wheretwoormoreeventsofsamepersonare
goingtofilethenseparateformsarerequired.
© Deepak Jijo, 2013

7. © Deepak Jijo, 2013

8. •CheckwhethertheArticlesofAssociation
requiresanyapprovalforcessationpursuantto
resignation.Ifnosuchprovisionisavailable,the
resignationwouldtakeeffectfromthedatethat
isgivenintheresignationletter.
•IncaseofdeathofaDirectorinadditiontofiling
form32forcessation,itisalsoadvisedtogetthe
DINoftheDirectordisabled.
© Deepak Jijo, 2013

9. © Deepak Jijo, 2013

10. •DeclarationgivenbytheDirectortotheCompany
thathe/sheisnotdisqualifiedundersections
203,274and388EoftheAct(asoptional
attachment)
•Forpublicnon-governmentCompaniesconsent
toactasDirector.
•Incaseofcessation-evidenceofcessation
(resignationletter/boardresolution)as
mandatoryattachment.
•BoardResolutionwherevernecessary.
•CopyofdeathcertificateincaseoffilingofForm
32fordeath.
© Deepak Jijo, 2013

11. © Deepak Jijo, 2013