Md over 70 years of age
This query is : Resolved
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
Can he continue as a Managing Director
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.
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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