Managing Director Liable to Retire by rotation

CS Pooja

Company Secretary

305 Points Joined June 2010

Yes. Thank You

CS Pooja

Jayashree S Iyer

Company Secretary

3224 Points Joined August 2009

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 Joined January 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 Joined September 2010

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

jaswanth

Student CA IPC / IPCC

31 Points Joined January 2013

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....