Sec. 317 (3) Proviso
This query is : Resolved
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
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
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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