{"id":143,"date":"2015-07-10T11:59:32","date_gmt":"2015-07-10T11:59:32","guid":{"rendered":"http:\/\/caindelhiindia.com\/blog\/?p=143"},"modified":"2021-07-07T13:24:23","modified_gmt":"2021-07-07T13:24:23","slug":"list-of-resolution-for-which-mgt-14-requires-to-be-filed","status":"publish","type":"post","link":"https:\/\/www.caindelhiindia.com\/blog\/list-of-resolution-for-which-mgt-14-requires-to-be-filed\/","title":{"rendered":"LIST OF RESOLUTION FOR WHICH MGT-14 REQUIRES TO BE FILED"},"content":{"rendered":"

LIST OF RESOLUTION FOR WHICH MGT-14 REQUIRES TO BE FILED<\/span><\/strong><\/h2>\n

The Resolutions for which MGT-14 has to be filed can be categorized in the following three categories:-<\/p>\n

    \n
  • Board Resolutions<\/li>\n
  • Special Resolutions<\/li>\n
  • Ordinary Resolutions<\/li>\n<\/ul>\n

    List of board resolutions required to be filed with ROC in form MGT-14<\/span><\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    S. No.<\/strong><\/td>\nList of board resolutions required to be filed with ROC in form MGT-14<\/strong><\/td>\n<\/tr>\n
    A.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><\/td>\nTo issue securities, including debentures, whether in or outside India. (In case of shares issue of security means issue of Letter of Offer).<\/td>\n<\/tr>\n
    B.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><\/td>\nTo Borrow Monies.(Borrow Money from any sources including Director)<\/td>\n<\/tr>\n
    C.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><\/td>\nTo invest the funds of the Company.(Also follow provisions of Section 186)<\/td>\n<\/tr>\n
    D.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><\/td>\nTo grant loans or give guarantee or provide security in respect of loans. (Also follow provisions of Section 186)<\/td>\n<\/tr>\n
    E.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><\/td>\nTo approve financial statement and the Board\u2019s report.<\/td>\n<\/tr>\n
    F.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><\/td>\nTo appoint internal auditors.<\/td>\n<\/tr>\n
    G.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><\/td>\nTo appoint Secretarial Auditor.<\/td>\n<\/tr>\n
    H.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><\/td>\nTo appoint or remove key managerial personnel (KMP) {KMP includes (MD, WTD, CEO, CFO & CS)}<\/td>\n<\/tr>\n
    I.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><\/td>\nTo make Political Contributions.<\/td>\n<\/tr>\n
    J.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><\/td>\nTo make calls on shareholders in respect of money unpaid on their shares.<\/td>\n<\/tr>\n
    K.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><\/td>\nTo authorize buy-back of securities under section 68.<\/td>\n<\/tr>\n
    L.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><\/td>\nTo\u00a0Diversify\u00a0the business of the company.<\/td>\n<\/tr>\n
    M.\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><\/td>\nTo approve Amalgamation, Merger or Reconstruction.<\/td>\n<\/tr>\n
    N.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><\/td>\nTake over a company or Acquire a controlling or substantial stake in another company.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    List of special resolution required to be file with ROC in form MGT-14<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    S. No.<\/strong><\/td>\nList of special resolution required to be file with ROC in form MGT-14<\/strong><\/td>\n<\/tr>\n
    Section \u2013 8<\/strong><\/td>\nFor a company registered under Section- 8 to convert itself into a company of any other kind or alteration of its Memorandum or Articles.<\/td>\n<\/tr>\n
    Section \u2013 12<\/strong><\/td>\nChange of location of registered office in the same State outside the local limits of the city, town or village where it is situated.<\/td>\n<\/tr>\n
    Section \u2013 13<\/strong><\/td>\nChange of registered office from the jurisdiction of one Registrar to that of another Registrar in the same State.<\/td>\n<\/tr>\n
    Section \u2013 14<\/strong><\/td>\nAmendment of Articles of a private company for entrenchment of any provisions. (To be agreed to by all members in a private company).<\/td>\n<\/tr>\n
    Section \u2013 14<\/strong><\/td>\nAmendment of Articles of a public company for entrenchment of any Provisions.<\/td>\n<\/tr>\n
    Section \u2013 13<\/strong><\/td>\nChange in name\u00a0of the company to be approved by special resolution.<\/td>\n<\/tr>\n
    Section \u2013 13(8)<\/strong><\/td>\nA company, which has raised money from public through Prospectus and still has any unutilized amount out of the money so raised, shall not Change its objects for which it raised the money through prospectus unless a special resolution is passed by the company.<\/td>\n<\/tr>\n
    Section \u2013 27(1)<\/strong><\/td>\nA company shall not, at any time, vary the terms of a contract referred to in\u00a0the prospectus\u00a0or objects for which the prospectus was issued, except subject to the approval of, or except subject to an authority given by the company in general meeting by way of special resolution.<\/td>\n<\/tr>\n
    Section \u2013 271 (A)<\/strong><\/td>\nA company may, after passing a special resolution in its general meeting, issue\u00a0depository\u00a0receipts in any foreign country\u00a0in such manner, and subject to such conditions, as may be prescribed.\u00a0(Section still not applicable)<\/em>.<\/td>\n<\/tr>\n
    Section\u2013 48(1)<\/strong><\/td>\nWhere a share capital of the company is divided into different classes of shares, the rights\u00a0attached\u00a0to the shares of any class may be varied with the consent in writing of the holders of not less than three-fourths of the issued shares of that class or by means of a special resolution passed at a separate meeting of the holders of the issued shares of that class.<\/td>\n<\/tr>\n
    Section \u2013 62 (1) (c)<\/strong><\/td>\nPrivate offer of securities requires approval of company by special resolution.<\/td>\n<\/tr>\n
    Section \u2013 \u00a0 \u00a054<\/strong><\/td>\nIssue of Sweat Equity Shares.<\/td>\n<\/tr>\n
    Section \u2013 66 (1)<\/strong><\/td>\nReduction of Share Capital.<\/td>\n<\/tr>\n
    Section \u2013 67(3)(b)<\/strong><\/td>\nSpecial resolution for approving scheme for the purchase of fully-paid shares for the benefit of employees.<\/td>\n<\/tr>\n
    Section \u2013 68 (2)(b)<\/strong><\/td>\nBuy Back of Shares.<\/td>\n<\/tr>\n
    Section \u2013 71 (1)<\/strong><\/td>\nA company may issue debentures with an option to convert such debentures into shares, either wholly or partly at the time of redemption:-Provided that\u00a0<\/strong>the issue of debentures with an option to convert such debentures into shares, wholly or partly, shall be approved by a special resolution passed at a general meeting.<\/td>\n<\/tr>\n
    Section \u2013 94<\/strong><\/td>\nKeep registers at any other place in India.<\/td>\n<\/tr>\n
    Section \u2013 149(10)<\/strong><\/td>\nRe-appointment of Independent Director.<\/td>\n<\/tr>\n
    Section \u2013 165(2)<\/strong><\/td>\nSubject to the provisions of sub-section (1), the members of a company may, by special resolution, specify any lesser number of companies in which a director of the company may act as directors.<\/td>\n<\/tr>\n
    Section \u2013 180(a)<\/strong><\/td>\nTo sell, lease or otherwise dispose of the whole or substantially the whole of the undertaking of the company or where the company owns more than one undertaking, of the whole or substantially the whole of any of such undertakings.<\/td>\n<\/tr>\n
    Section \u2013 180(b)<\/strong><\/td>\nTo invest otherwise in trust securities the amount of compensation received by it as a result of any merger or amalgamation.<\/td>\n<\/tr>\n
    Section \u2013 180(c)<\/strong><\/td>\nTo borrow money, where the money to be borrowed, together with the money already borrowed by the company will exceed aggregate of its paid-up share capital and free reserves, apart from temporary loans obtained from the company\u2019s bankers in the Ordinary Course of Business.<\/td>\n<\/tr>\n
    Section \u2013 180(d)<\/strong><\/td>\nTo remit, or give time for the repayment of, any debt due from a director.<\/td>\n<\/tr>\n
    Section \u2013 185<\/strong><\/td>\nFor approving scheme for giving of loan to MD or WTD.<\/td>\n<\/tr>\n
    Section \u2013 186<\/strong><\/td>\nLoan & Investment by company exceeding 60% of paid up share capital or 100% of free reserve.<\/td>\n<\/tr>\n
    Section \u2013 196<\/strong><\/td>\nAppointment of a person as Managerial Personnel if, the age of Person is exceeding\u00a070 year.<\/td>\n<\/tr>\n
    Schedule V<\/strong><\/td>\nRemuneration to Managerial personnel if, profits of company are Inadequate.<\/td>\n<\/tr>\n
    Section \u2013 271 (1) (b)<\/strong><\/td>\nSpecial Resolution for winding up of the company by Tribunal.<\/td>\n<\/tr>\n
    Section \u2013 271 (1) (b)<\/strong><\/td>\nSpecial Resolution for winding up of company.<\/td>\n<\/tr>\n
    Rule 7(1) Chapter- I<\/strong><\/td>\nConversion of private company into One Person Company.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    <\/p>\n

    \u00a0<\/strong><\/span>List of ordinary resolution required to be filed with ROC<\/span> in form MGT-14<\/span><\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    Section \u2013 16<\/strong><\/td>\nThe company in general meeting shall pass an ordinary resolution for change of name on receipt of\u00a0direction from\u00a0the Central.<\/td>\n<\/tr>\n
    Section \u2013 61<\/strong><\/td>\nA company, if authorized by its Articles, by ordinary resolution, can increase or consolidate its capital or sub-divide or cancel shares not taken up.<\/td>\n<\/tr>\n
    Rule 12(6)<\/strong><\/td>\nApproval of general meeting for issue of\u00a0bonus shares<\/td>\n<\/tr>\n
    Section 73(2)<\/strong><\/td>\nApproval of general meeting for inviting deposits from members.<\/td>\n<\/tr>\n
    Section\u2013 152<\/strong><\/td>\nAppointment of Director.<\/td>\n<\/tr>\n
    Section \u2013<\/strong><\/td>\nFor consideration of accounts and directors report and report of auditors,\u00a0declaration\u00a0of dividend, appointment of director on place of who resign.<\/td>\n<\/tr>\n
    Section \u2013 148(3)<\/strong><\/td>\nRemuneration of Cost Auditor shall be fixed by an ordinary resolution at the general meeting.<\/td>\n<\/tr>\n
    Section \u2013 151<\/strong><\/td>\nAppointment of a Director by small shareholders.<\/td>\n<\/tr>\n
    Section \u2013 152<\/strong><\/td>\nAppointment of Directors at the first general Meeting.<\/td>\n<\/tr>\n
    Section \u2013 149<\/strong><\/td>\nAppointment of independent Director.<\/td>\n<\/tr>\n
    Section \u2013 152<\/strong><\/td>\nAppointment of Director on being proposed by a member or other person with a deposit of rupees one lakh.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances; Hope the information will assist you in your Professional\u00a0endeavors. For query or help, contact:\u00a0info@caindelhiindia.com<\/a>\u00a0or call at\u00a0011-233 433 33<\/p>\n

     <\/p>\n

     <\/p>\n","protected":false},"excerpt":{"rendered":"

    LIST OF RESOLUTION FOR WHICH MGT-14 REQUIRES TO BE FILED The Resolutions for which MGT-14 has to be filed can be categorized in the following three categories:- Board Resolutions Special Resolutions Ordinary Resolutions List of board resolutions required to be filed with ROC in form MGT-14 S. No. List of board resolutions required to be …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[647],"tags":[555,566,502,501,572,545,541,537,562,560,550,538],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/143"}],"collection":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/comments?post=143"}],"version-history":[{"count":6,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/143\/revisions"}],"predecessor-version":[{"id":2411,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/143\/revisions\/2411"}],"wp:attachment":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/media?parent=143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/categories?post=143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/tags?post=143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}