Sec 317 (3) proviso
This query is : Resolved
31 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
31 March 2010
As per Section 317, reappointment cannot be done earlier than 2 yrs from the date of appointment.
hence in your case, reappointment can be done in between 1.4.2010 till date of cessation i.e. 31.03.2012
hence in your case, reappointment can be done in between 1.4.2010 till date of cessation i.e. 31.03.2012
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