Wtd through circulation section 289

Mayuri Lal (officer CS) (748 Points)

29 October 2012  

Dear Members,

A subsidirary of a listed Company has to appoint a whole time director on urgent basis. The person to be appointed as WTD is not a Director in the subsidiary

Can a subsidiary company having inadequate profit appoint a WTD through circular resolution ?

Please confirm.

 

Regards,

Mayuri lal