Appointment of Managing Director in case of loss
This query is : Resolved
04 August 2009
MD's appointment is ending before AGM.If there is loss in the Pr. Year but profit in the I Quarter, can Managing Director be reappointed in the AGM or Central Govt. approval is required. please let me have checklist for re-appointment of MD.
06 August 2009
Hi,
Kindly appreciate for the re-appointment of MD earning of profit/loss does not make any difference.
You may re-appointment of MD even if there is any loss in the company.
However remuneration to MD is dependent on profit of the company.
Regards
Kindly appreciate for the re-appointment of MD earning of profit/loss does not make any difference.
You may re-appointment of MD even if there is any loss in the company.
However remuneration to MD is dependent on profit of the company.
Regards
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