Can Managing Director be appointed by circular resolution? Please specify the relevant sections also?
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Appointment of MD
Replies (2)
| Originally posted by : Charu Srivastava | ||
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Can Managing Director be appointed by circular resolution? Please specify the relevant sections also? |
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Hi
In my view, MD cannot be appointed by Circular Resolution. It has to be through BM.
Please refer Section 316 (2) / 386 (2) for reference relating to MD.
Only Additional Director / Alternate Director can be appointed in case of urgency through Circular
Resolution.
Other views solicited.
regards
Santosh Shah
Santosh is correct.....for more clarification you can refer SS-7 mentioning the business that cannot be transacted by circular resolution..
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