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Change in designation from wholetime director to managing director

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(Querist)
28 July 2021 I want to know if a listed company wants to change the designation of its wholetime director to managing director, can company do it by passing a resolution in the Board Meeting or company has to take approval of its shareholders also. kindly convey your expert advise.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
28 July 2021 Yes, company can pass a resolution in the board meeting and appoint managing director, and to get it approved in the next general meeting.
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CS Divesh Goyal

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CS Divesh Goyal (Expert)
29 July 2021 If a listed company want to change designation of WTD To MD. they have to pass resolution in BM subject to approval of shareholders in GM.
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