Appointment of managing director

This query is : Resolved 

22 December 2014 Our Company has appointed a Person as Whole time director in June 2012 for a period of 3 years. Now company wants to change his designation from W.T.D to Managing director w.e.f December 2014.
Can a Fresh appointment of M.D can be made for a period 5 years?

24 December 2014 yes you can appoint MD for aperiod of 5 years


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