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Sec. 317 (3) Proviso

This query is : Resolved 
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(Querist)
30 March 2010 Dear Sir/Madam,

1. In XYZ Ltd. Mr.A was appointed as Managing Director for 5 yrs w.e.f 01.04.2007.

2. He can be re-appointed for a further period of 5 yrs w.e.f 31.03.2012 by passing a resolution on:

- 01.04.2008
- 01.04.2009
- 01.04.2010
- 01.04.2011
- 01.04.2012

which ones of the above dates can the rsl be validly passed.

Kindly clarify?

Regards,

Vignesh J
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Rasesh

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Rasesh (Expert)
30 March 2010 From the query, it appears that the appointmet is upto 31.3.2012. hence, the re-appointment should be made in board meeting prior to that date but not earlier.
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