Retirement of Vice Chairman
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 July 2011
Our's is a listed Company.
60 years age of our Vice-Chairman(Executive) having remuneration of Rs.4,00,000/- per month.
Can we retire him from Board of Directors and appoint him as a Consultnat/Advisor of the Company ?
Please reply.
60 years age of our Vice-Chairman(Executive) having remuneration of Rs.4,00,000/- per month.
Can we retire him from Board of Directors and appoint him as a Consultnat/Advisor of the Company ?
Please reply.
21 July 2011
There is no bar on the age of retirement in the private sector. If you are retiring him you are free to appoint him as a consultant.
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