Form 32_under MCA 21

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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.

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Form 32_under MCA 21

  1. 1. 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
  2. 2. 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
  3. 3. © Deepak Jijo, 2013
  4. 4. 1. When more than one appointment / change is happened within a duration of 30 days then it can be filed in a single Form 32. 2. If an appointment and cessation of same person is filing then different Form 32’s are required. 3. Make sure that Forms are filing in a chronological order, that there should not have any Form 32 pending without uploaded while this latest one is going to upload. 4. If appointment is made before 30th June 2007, then DIN 3 is required to be filed. © Deepak Jijo, 2013
  5. 5. 5. When a Director becomes Managing Director and vice versa, one have to file form 32 for change in designation. 6. In Form 32, one could fill only 4 Manager (s), Secretary (s) details and 12 Director(s), Managing Director, Manager(s) details. 7. While the appointment of a Company Secretary, ensure that he is not holding a Certificate of Practice. 8. Where two or more events of same person are going to file then separate forms are required. © Deepak Jijo, 2013
  6. 6. © Deepak Jijo, 2013
  7. 7. • Check whether the Articles of Association requires any approval for cessation pursuant to resignation. If no such provision is available, the resignation would take effect from the date that is given in the resignation letter. • In case of death of a Director in addition to filing form 32 for cessation, it is also advised to get the DIN of the Director disabled. © Deepak Jijo, 2013
  8. 8. © Deepak Jijo, 2013
  9. 9. • Declaration given by the Director to the Company that he/she is not disqualified under sections 203, 274 and 388E of the Act (as optional attachment) • For public non-government Companies consent to act as Director. • In case of cessation-evidence of cessation (resignation letter/board resolution) as mandatory attachment. • Board Resolution wherever necessary. • Copy of death certificate in case of filing of Form 32 for death. © Deepak Jijo, 2013
  10. 10. © Deepak Jijo, 2013

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