20 May 2010
Agree with Expert Vanita. However, my view is that he can be appointed as MD, but he is of Indian Origin and is NRI means that he had or will stay out of India for more than 182 days. (Unless if he permanently come back to India). In such case, won't this affect the requirement of attending the office and involvement of the day to day affairs be raised, since MD is like a regular employee of the company, .??
CAclubindia
