Dear All,
XYZ Pvt. Ltd. appointed Mr. A as Managing Director just by passing resolution in Board Meeting in 2004 and no form had been filed in this regard. Since it was private Company no term decided i.e. he will be managing director till he will resign.
Now the Company has been converted in to Public Limited Company. MCA site shows Mr. A as Managing Director.
My query is what formalities we have to do after conversion into Public Limited Company.
Like passing of Board resolution for deciding his term upto Five years as per sec 317.
Please advice in detail.
CAclubindia
