Additonal director
This query is : Resolved
11 October 2012
Can an additional director be appointed as managing director ?
Ajay Mishra
(Expert)
11 October 2012
Hi
Yes, you can appoint additional director as MD but the period of such MD will automatically end on coming AGM after his appointment unless you not regularize him.
Yes, you can appoint additional director as MD but the period of such MD will automatically end on coming AGM after his appointment unless you not regularize him.
Ajay Mishra
(Expert)
11 October 2012
If a person while he was the additional director of a company had been appointed as the managing or whole-time director, the later appointment also ceases simultaneously with the cessation of his directorship at the commencement of the annual general meeting. However, if such a person is re-elected as full-fledged director at the annual general meeting and thereby he continues as a director of the company, he shall continue as a managing or whole-time director also for the period for which he is so elected by the annual general meeting.
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CA Kishore Tallam
(Expert)
11 October 2012
Agree with Ajay. Excellently explained.
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