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Groyalg
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Hello Friends What is form 32 in the companies act. Is it necessary for changing or ammendement in the name of the company. Please tell. This is very urzent..... Peeyush
Hi Peeyush,

Please find below info which search for you. Hope it is useful!!

Form 32

"Form 32 (Particulars of appointment of managing director, director, manager and secretary and the changes among them or consent of candidate to act as a managing director or director or manager and secretary of a company and/ or undertaking to take and pay for qualification shares)

Particulars of directors: Form 32 has been substantially revised; elaborate information is being sought to track down fly-by-night companies. This is a good move. However it will be beyond the competence of the company to fully comply with this Form. For example, there is no compulsion on the part of a director to provide a photograph and evidence of cessation etc.

Section 305 is the only section that casts an obligation on director to furnish certain information of directors beyond which directors cannot be compelled.

Form 32 also is required to disclose evidence of cessation; cessation can be caused by resignation, death, removal, disqualification or vacation of office or by order of court. From this it is clear that cessation may occur in course of processes of law. The company becomes privy to such information only when the director furnishes such information. This form also requires a consent letter. Under Section 264 a consent letter is to be filed by director only in case of public company whereas Form 32 applies to all companies."

Regards,

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