Where application is to be made to the Central Government as aforesaid:

(a) Give general notice to all the members indicating the nature of the application to be made to the Central Government. Publish the notice in the

newspaper at least once in the principal regional language of the district in which the registered office of the company is situated and circulating in that

district and at least one in English language in an English newspaper circulating in that district (Section 640 B).

(b) Forward three copies of the general notice published in the newspaper to the Stock Exchange if the shares of the company are listed on a recognised

stock

exchange [Standard Listing Agreement]. .

(c) Make the application to the Central Government and attach along therewith a copy of the notice published as aforesaid together with other specified

documents. Application is to be made in Form No. 25A.

7. Send a copy of the application along with all the documents to the concerned Registrar of Companies [Rule 20 A of the Companies (Central

Government’s) General Rules and Forms, 1956].

8. Send an abstract of the terms of the contract to all the members within 21 days . from the date of entering into the contract and a Memorandum clearly “

specifying the interest or concern of any other director in the contract, if any.

9. See that the managing director files his consent in writing with the company to act as a director, if he was not a director earlier.

10. Enter the name of the appointee in the Register of Directors and file Form No.

32 in duplicate with the Registrar of Companies within 30 days of the

appointment [Sec. 303].

11. See that the managing director notifies about his appointment to other com panies in which he is a director, managing director, manager or secretary within 20 days.