Retirement of Vice Chairman

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Querist : Anonymous

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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.
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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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