Change of Directors designation
In a PVT LTD co., there are 3 directors. Out of these 1 is executive & others are non-executive director. Now one of the Non-executive director wants to become Executive director & the current Executive Director wants to become Non-Executive director. Let me know the procedure for this like the ROC forms to be filed & resolutions to be files ?
There is no such designation called executive director in Company Law. It is only a common usage. The termwhich is used isWhole time director. You can file a MGT 12 ( I Think!!) where you can change the designation from director to WT Director and Vice versa