Managing director with additional charge as dt

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Querist : Anonymous

Querist : Anonymous (Querist)

13 July 2012 Kindly answer my Query as i have tried CCI forum and unfortunately no one could answer my question,Now i am looking forward for the expert opinion for the same.

My query is if the composition of the Board of the public company is 10 including 1-MD, 1-Director(Technical), 1-Director(Offshore) and subsequently MD of the company is superannuated and Director (Technical) is appointed as Managing Director as per order issued by Central government to take additional charge as Director (Technical) in that case what would be the total composition of the Board and what will be his designation? will it still be 10 or will it reduce to 9? in the above case is Designation counted or the strenght or heads counted for ascertaining the total composition of the Board?

Ajay Mishra

Ajay Mishra (Expert)
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13 July 2012 Hi

As per my understanding, if your MD is superannuated, it means your company composition will reduced up to 9 directors and out of 9 directors you appointed one director (technical) as Managing Director it means, your company Board constitution will be 1-MD,1-Director (offshore) and balance will be same.

Regards

Querist : Anonymous

Querist : Anonymous (Querist)

13 July 2012 Thank you very much sir

Ajay Mishra

Ajay Mishra (Expert)
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13 July 2012 Welcome dear.....

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