Can Managing Director be appointed by circular resolution? Please specify the relevant sections also?
Menu
Appointment of MD
Replies (2)
| Originally posted by : Charu Srivastava | ||
 |
Can Managing Director be appointed by circular resolution? Please specify the relevant sections also? |
 |
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..
Recent Topic
- Proprietor have 2 business. One is registered unde
- ITR-4 – Gross Receipts or Turnover for Secti
- Unrelated entries in AIS and Form 26as
- Payment to foreign national
- Internal reconstuction
- IDS Refund – Annexure B & GSTR-3B Match,
- Can i should STCG and LTCG as business income ?
- Capital contribution in Firm
- Form 3CD – Clause 20(b) | ESI Contribution &
- Capital Gains on Dissolution of Partnership
Related Topics
CAclubindia
