Notice Under Section 640b

This document relates to notice under sec 640(b) of companies act. Company intends to apply to the Central Government for its approval pursuant to section 269 and other applicable provisions, if any, of the Companies Act, 1956 for appointment of managing director at a remuneration and subject to terms and conditions contained in a draft agreement proposed to be entered into between the Company and the managing director.

Sec 640(b) :-

 Forms of and procedure in relation to, certain applications.

 (1) Every application made to the Central Government under section 259, 268, 269, 310, 311, 326, 328, 329, 332, 343, 345, 4 346 or 352] shall be in such form as may be prescribed.

(2) (a) Before any application is made by a company to the Central Government under any of the sections aforesaid, there shall be issued by or on behalf of the company a general notice to the members thereof, indicating the nature of the application proposed to be made.

(b) Such notice shall be published at least once in a newspaper in the principal language of the district in which the registered office of the company is situate and circulating in that district, and at least once in English in an English newspaper circulating in that district.

(c) Copies of the notices, together with a certificate by the company as to the due publication thereof, shall be attached to the application.

(d) Nothing in clause (a), (b) or (c) shall apply to a private company which is not the managing agent of a public company.

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