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Whole Time Director

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05 December 2010 What are the provisions in respect of Whole Time Director or and Managing Director.
Plz explain the complete process

06 December 2010 Hi..

Please read sections 198,268,269,309,310,349&350 of the Companies Act, 1956

God Bless

Udit Sharma

06 December 2010 Weather special resolution is required?




07 December 2010 Appointment of MD / WTD requires only ordinary resolution.

However if remuneration is paid to MD / WTD in accordance with Section II(1)(B) of Schedule XIII, the remuneration shall be approved by a special resolution at the general meeting of the company.



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