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Appointment of managing director

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(Querist)
06 March 2012 can u please tell me whether the Board have power to appoint a managing director with retrospective effect in a public company, if yes under which section they have authority and what is the procedure for the same
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CA Sumat Singhal

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CA Sumat Singhal (Expert)
07 March 2012 retrospective re-appointment of Managing Director is not possible due to section 317.
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