Appointment of Managing Director
This query is : Open
09 March 2017
Mr A was appointed as a Managing director of XYZ Ltd for a period of 5 years with effect from 02 june 2012. so tenure will get over on 01 june 2017. Agm of XYZ Ltd will be held only in august- september.
should EGM be convened for his appointment or it can be taken to the yearly Agm. if it can be discussed in the Agm wat would be the position of Mr.A till such time he is ppointed. (i.e. between 02nd june to agm date).
Ravi Kiran Vustela
(Expert)
09 March 2017
as per section 196(2)He can be reappointed before 1 year from the expiry of his term(in ur case he was not reappointed))
.. BOD can appoint him again after his period. and the same can be ratified by members in next GM
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