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appointment of managing director

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(Querist)
05 August 2008 whether the appointment of managing director is ordinary business in the annual general meeting of the company. what type of resolution is to be passed for the same
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
07 August 2008 It depends upon how the remuneration is fixed. Please refer to sch XIII of Companies Act 1956.
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