Is the tenure of MD in a Listed Company is prescribed in any section or we can make for as long as we want????
Please reply if any one knows about it. Its quite urgent.
Thanks & Regards,
Vineeta
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Tenure of Managing Director
Replies (2)
A person can be appointed as a managing director in a public company for a maximum period of 5 years.
MD can may be reappointed or his term may be extended. However, the term of reappointment or extension shall not exceed 5 years.
[Sec. 317 of Company Act, 1956]
mr. Singh is correct
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