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Appointment of whole time director

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 September 2011 Company has appointed a Whole Time Director in 2009 for two years which attracts Central Government approval in case of inadequacy of profits but Company did not applied for the approval.

Now the term of appointment is going to finish. What would be the beneficial for the Company to start the process of obtaining approval or to apply to CG to waive off the approval?
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RG - A Helping Hand

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RG - A Helping Hand (Expert)
20 September 2011 I would advise you to file an application for fresh approval for a fresh tenure instead of waiver of previous things.

RG
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