01 March 2008
In case of Pvt. co. which is not a subsidiary of public Co. what sholud be the period of appointment of Managing Director while sec. 317 of Companies Act restricting the period of appointment to 5 years is not applicable to a pvt. co.
01 March 2008
AS SECTION 317 RESTRICT THE APPOINTMENT OF MD OF PUBLIC LTD COMPANY TO 5 YEARS ,THERE IS NO AS SUCH PROVISION FOR MD OF PVT COMPANY THEREFORE HE CAN BE FOR ANY PERIOD
01 March 2008
THE RESTRICTIONS ON MANAGERIAL APPOINTMENT OF M.D UNDER SEC 317 OF CO'S ACT DOES NOT APPLY TO PVT. LTD. COMPANIES UNLESS THEY ARE SUBSIDIARY OF A PUBLIC LTD. CO. SAME IS THE CASE UNDER SEC 269 WHICH REQUIRES APPOINTING A M.D OR WHOLE TIME DIRECTOR. R.V.RAO
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