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Managing director appointment

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(Querist)
27 July 2017 Can a director be appointed as Manging Director in more than one private company
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
28 July 2017 No.
MD is a whole-time key managerial personnel and hence shall not hold office in more than one company except in its subsidiary company at the same time. However, he can hold such other directorship with the permission
of the Board.

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