Appointment of Managing director in case of private limited

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pravin

pravin (Querist)
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07 September 2009 whether provision in AOA is required to appoint M.D. in case of private limited Company

ARUN KUMAR V

ARUN KUMAR V (Expert)
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07 September 2009 Managing director can be appointed under any of the following circumstance met
1 Aggrement with the company
2Resolution in general meeting
3Board resolution
4 as per clause in Memmorandom
5 as per clause in AOA

Ankur Garg

Ankur Garg (Expert)
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07 September 2009 Hi,

provisions related to appointment of MD are governed by section 269 which is not applicable to a pvt. company.

Hence there is no need to appoint MD in pvt. company.

However if u still want to appoint then you may make provisions in your AOA for appointment.

Regards