Appointment of md

Find below the resolution:

“RESOLVED THAT Pursuant to applicable provisions of the Companies Act, 1956 Mr. Mukesh Gupta be and is hereby appointed as Managing Director of the Company for a period of five years commencing From 01.01.2001 to 31.12.2005 and the remuneration and on the terms and conditions set out in attached sheet placed before the meeting and initialed by the chairman for purpose of identification.”

Agreement is not a mandatory one in a private company. It is just a method of appointment. Refere defination of MD.

RG

Thanks alot