Appointment of MD
Querist : Anonymous
If Board of Directors appointed someone as Managing Director but the shareholders not given their consent and the resolution rejected by majority of shareholders then what will be the consequences of rejection by shareholders. Whether that person cease to be MD from the date of General Meeting and what will be the validity of the work done by the MD during the period from the date of Board Meeting and General Meeting.
Board resolution is enough for Appointment of MD, Share Holder approval is not required for that, k
Querist : Anonymous
As far as my knowledge concern appointment of Managing Director is done by Board of Directors in the Board Meeting subject to the consent of shareholders in the General Meeting.
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