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Md over 70 years of age

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(Querist)
15 December 2014 What are the steps to be taken by a company if the existing Whole time Director attained the age of seventy years.

Can he continue as a Managing Director
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
15 December 2014 appointment of a person who has attained the
age of 70 years may be made by passing a special resolution in which case the explanatory statement annexed to the notice
for such motion shall indicate the justification for appointing
such person.
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