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Company related

Co Act 2013 180 views 2 replies

Anita Sethia

150 Points Joined August 2009

Can a Listed company procced without Executive Director (temporary suspension by board for personal resaon)on Board if yes, than for how much days if no, than what is provision please state in regard to companies act 2013 and LODR 2015.

Please also state case laws if any at earlist as possible.

Replies (2)

pritesh

delhi

720 Points Joined February 2011

Yes as per companies act. you can appoint manager instead of md and wtd. and board should comprise of non executive director

Chirag

Professional

1979 Points Joined December 2017

As Per Section 203 ,Company have to fill vacancy within 6 months ( For Whole Time KMP) , anyways LODR is silent on this aspect....Else Board Can Appoint Executive Additional Director... Check Informal Guidenance by SEBI if any .