MD Appointment Agreement

[shilpa jain]

hi,

Plz tell the valid method of execution of such agreement In Unlisted
Public Company situated in Rajasthan:
1. to take a print on Company's letter head.or
2. to take a print on plain paper and get stamped it with Rs. 100/-
if both are valid methods then can anybody provide me a format for
the same and also tell in how much time a company should execute such
agreement immediately after BM or we can execute any time after BM but
before taking SHs approval.

Plz clear the point....

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With Best Regards,

CS Shilpa Sogani
B.COM(HONS.), M.COM, ACS, LLB(P)
+ 91-94140 44880

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With Best Regards,

CS Shilpa Sogani
B.COM(HONS.), M.COM, ACS, LLB(P)
+ 91-94140 44880

[Richa Khangarot]

Dear,

agreement should be on 100 Rs. stamp paper
and date of agreement is of board meeting in which said appointment has done

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Thanks & Regards
ACS Richa Khangarot

[shilpa jain]

hiii richa...
so cann't we execute this on company's letter head...as Rajasthan
Stamp Act is slient in this matter ...is it mandatory to be executed
on 100/- RS, Stamp Paper...if so ...will you plz mail me a draft of
the same.....

[Richa Khangarot]

Dear Sir,

sorry for the late reply
for appointing whole time director and managing director
agreement should be executed on stamp paper

[shilpa jain]

okkk

[Khadir Shaikh (CS, LLB. B.Com)]

Whether in Maharashtra MD agreement is compulsory on stamp paper or letter head will be sufficient?
if on stamp paper then which section?

Regards,
Khadir Shaikh

[ACS suresh chaudhary]

Read Indian stamp act along with the  respective state act for clarity. I dont think that it is proper to execute an  agreement on the Company's Letterhead.If stamp duty is applicable on the agreement and it is not paid , then instrument can be impounded and I also doubt about its usage as an evidence in a court of law.