FORM NO. 24B
THE COMPANIES ACT, 1956

Nominal capital Rs. ……………………….. Registration No. of
company ………………….

State where registered……………….
Form of application to the Central Government for obtaining prior
consent for the holding by certain persons of any office or place of

profit in a company
[Pursuant to section 314(1B)]

Details of application fee paid:
(a) Payment is made by (I) treasury Challan, (ii) demand draft.
(b) Treasury Challlan No./demand draft No. and date.
(c) Name of bank/treasury………………………………………….
(d) Fee paid …………………………………… Rs. …………………

PART A
1. Particulars of company (in block letters):
(a) Name of the company.
(b) Address of its registered office.
(c) Date of registration under the Companies Act, 1956.
(d) Date of issue of certificate of commencement of business.
(e) Nature of business.

2. (a) Management structure (list of directors/managing directors/Whole-
time directors —- in capital letters):

Sl.
No.
Name Designation Nationality Date of appointment

(b) Effective capital as per latest audited balance sheet (as defined in
Schedule XIII)(Rs. in thousands).
Effective capital as on
(i) Paid-up share capital ………………………………………………………..
Share premimum account ………………………………………………………..
Reserves and surplus ………………………………………………………..
Long-term loans which are
repayable after one year ………………………………………………………..
Deposits ………………………………………………………..
Total ………………………………………………………..

Less:
(ii) Investments ………………………………………………………..
Accumulated losses ………………………………………………………..

Preliminary expenses not
written off

………………………………………………………..
Total ………………………………………………………..
(i)-(ii) ………………………………………………………..

4. Working results of the company during last five years.
Financial parameters Year

Turnover
Net profit
(as computed under section
198)
Net profit as per profit and
loss account
Amount of dividend paid
Rate of dividend declared

PART B

3. The proposal for which the Central Government’s approval is sought:
(I) Period of appointment from ………………………. to …………………………
(ii) Remuneration payable:
(a) Salary ……………………………………
(b) Commission …………………………..
(c) Perquisites …………………………….
(d) Others …………………………………..
(iii) Any other particulars:
(iv) The office of profit to which the appointment is proposed to be
made.
(v) The exact nature of services to be rendered by the appointee,
4. Name(s) of the director(s) managing director/whole-time
director/manager to whom the proposed appointee is related and the nature
of relationship:
Name Designation Inter se
relationship

5. In case the proposed appointee is an individual, furnish the following:
(I) Name
(ii) Designation
(iii) Father’s name
(iv) Nationality
(v) Date of birth
(vi) Qualification
(vii) Experience
(viii) Remuneration drawn during the last three years.
Organisation Designation Duration
from to

Remuneration
drawn:

(Rs. in thouands)

Year
ending
on

salary Perquisites Commission Total
remuneration

6. In case the proposed appointee is a company, furnish the following:
(I) Name of the company
(ii) Address of registered office
(ii) nature of business
(iv) Whether any of the directors/Whole-time directors/manager of the
applicant company is a relative of director/whole -time director/manager of
the company, if so, details thereof.
Sl. No. Applicant company Appointee
company

Inter se
relationship

Name Designation Name Designation

7. In case the proposed appointee is a partnership firm, furnish the
following:

(I) Name of the firm
(ii) Address
(iii) Nature of business
(iv) Nationality
(v) list of partners
Sl. No. Name of
partners

Name of
the
director of
applicant
company
to whom
related

Inter se
relationship
between
partner and
directors

8. A Comparative chart showing the details of the employees who are in
receipt of remuneration of R. 6,000 or more per month indicating clearly:
(a) Name of the employee(S)
(b) Designation and/or nature of employment
(c) Age, qualification and experience
(d) Remuneration, giving break-up of salary, allowances, perquisites, fees
paid, etc.
9 (a) whether the proposal involves increase on remuneration (by way of
salary perquisites, etc.) to a person who is already working in the
company. Yes/No.
(b) State whether the proposal involves increase ion remuneration (by
way of slurry perquisites, etc.) to other executives of the company.
Yes/No.

(c) If yes, details thereof
(d) If not, justification thereof
10 . Date of passing special resolution.
11. The following documents are enclosed:
(I) Certified copy of annual accounts together with directors’ and audits’
report for the last three financial years.
(ii) Certified copy of the special resolution passed in the general meeting
together with the explanatory statement in regard thereto.
(ii) Certified copy of the resolution passed by board of directors, if any,
relating to the proposed appointment.
(iv) Copy of rules of the company relating to terms and conditions in regard
to perquisites as applicable to its employees. there are no rules, a
certificate from the secretary or a director of company to the effect that

similar parks at the same rate(s) are being paid to other employees of the
company in the equivalent grade.

DECLARATION

To the best of my knowledge and belief, the information given in this
application and its annexures is correct and complete.

Signature………………………………….
Designation……………………………………

Dated this ……………………….. day of …………… 19