Duartion of appointment of MD
This query is : Resolved
01 March 2008
In case of Pvt. co. which is not a subsidiary of public Co. what sholud be the period of appointment of Managing Director while sec. 317 of Companies Act restricting the period of appointment to 5 years is not applicable to a pvt. co.
Poonam
Poonam
01 March 2008
AS SECTION 317 RESTRICT THE APPOINTMENT OF MD OF PUBLIC LTD COMPANY TO 5 YEARS ,THERE IS NO AS SUCH PROVISION FOR MD OF PVT COMPANY THEREFORE HE CAN BE FOR ANY PERIOD
01 March 2008
THE RESTRICTIONS ON MANAGERIAL APPOINTMENT OF M.D UNDER SEC 317 OF CO'S ACT DOES NOT APPLY TO PVT. LTD. COMPANIES UNLESS THEY ARE SUBSIDIARY OF A PUBLIC LTD. CO.
SAME IS THE CASE UNDER SEC 269 WHICH REQUIRES APPOINTING A M.D OR WHOLE TIME DIRECTOR.
R.V.RAO
SAME IS THE CASE UNDER SEC 269 WHICH REQUIRES APPOINTING A M.D OR WHOLE TIME DIRECTOR.
R.V.RAO
01 March 2008
i agree with the reply of two above experts
01 March 2008
Thanks everyone
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- Eway bill generation from place other than registeted
- Condonation . E-Verification of last year return .
- FTS Taxable under 115A
- Rental income gst and it purpose
- Experts need help
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
