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Managing Director Liable to Retire by rotation

Page no : 2

CS Pooja (Company Secretary) (305 Points)
Replied 03 December 2010

Yes. Thank You


CS Pooja

Jayashree S Iyer (Company Secretary) (3224 Points)
Replied 09 December 2010

As clarified by Zafar Section 255 applies to MD/WTD also.

MD/WTD are also liable to retire by rotation but once they are reelected in the AGM they continue to be MD/WTD  of the company, unless the articles provide otherwise.

ankit jain (CS trainee) (152 Points)
Replied 09 December 2010

Dear Pooja,


Until and unless the AOA exempts the director from retirement by rotation of a private company, each and every director including MD/WTD will be liable to retire by rotation.

Abhishek Jain (-) (40 Points)
Replied 08 August 2012

 

 
A public co having a director who is Chairman & managing director .
As per section 317 a MD can be appointed or reappointed for a max 5 years .
so can a CMD be non rotational director as per 255 .
does normally public cos make there md non rotational .
if yes then wat is the relevance of section 317
1 Like

jaswanth (Student CA IPC / IPCC) (31 Points)
Replied 04 January 2016

Query

Sir/Madam
in our pvt ltd company we have managing director from about ten years,should he be reappointed immediately or after a term of five years....???

thanks in advance 

Awaiting reply....


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