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appointment of MD in newly started private ltd co.

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(Querist)
11 May 2011 Please let me know about the appointment of MD in newly started Private Ltd .Co. which has total 4 directors
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Jayashree S Iyer

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Jayashree S Iyer (Expert)
12 May 2011 It is not mandiatory to have a MD in a private limited company.

Only public limited companies and their subsidiaries are required to have a MD as per section 269 of the Companies Act, 1956.

However if a private company wants to appoint MD it can do so by passing a board resolution.
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