A Pvt. Ltd. company which is in process of conversion into a public ltd. co. In the SLP they stated that a MD will be appointed in 3 months. However, this period has expired and the MD is not appointed. the Compnay now wants to appoint a MD.
My query is what are the implication of this?? does the company need to file for condonation of delay with ROC or if any penalty is involved.
What will be the procedure for the appointment.
Thanks & Regards,