Need clarity on Managing director or whole time director appointment. - Section 196 saying fo appointment of MD or WTD and section 203 saying for appointment of key managerial personnel in which MD or WTD includes. - means two MD/WTD require to appoint?
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Difference between section 196 & 203
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There is only one MD / wtd or manager in one company
you have to follow that section which is more strict
you have to follow that section which is more strict
For md/ wtd and manager follow sec 196
and for CFO CEO and CS follow sec 203
and for CFO CEO and CS follow sec 203
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