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whether reappointment of MD is mandatory in private limited

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(Querist)
17 November 2010 whether reappointment of MD is mandatory after 5 years of his appointment in a private company which is not a subsidiary of public company... please explain wid provision to Com. law.
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Ankur Garg

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Ankur Garg (Expert)
17 November 2010 NO

Appointment or reappointment of MD is not mandatory after 5 years of his appointment in a private company which is not a subsidiary of public company...

Reason being section 269 is not applicable to a private company which is not a subsidiary of public company.

Regards
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udit sharma

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udit sharma (Expert)
17 November 2010 Hi....

Agreed with Ankur Sir:-)
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Abhijit Rane

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Abhijit Rane (Querist)
17 November 2010 @ Ankur.. Thannk u v mch..
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