managing director
Navin Agarwal (354 Points)
31 July 2017
can a managing director be the president of the company
Navin Agarwal (354 Points)
31 July 2017
udbhav pratap singh
(assistant )
(16 Points)
Replied 31 July 2017
As per the provision of Company Act 2013
It has been provided under the Act that the role or designation of Chairman and Managing Director or Chairman and Chief Executive Officer should not be assigned to the same person. In other words, the same person should not act as both Chairman and Managing Director or Chief Executive Officer of the Company.
However, in the following circumstances, the above restriction will not apply:
(a) the articles of the company contain provision for appointment of same person, or
(b) the company carries only a single business, or
(c) the company is engaged in multiple businesses and has appointed one or more Chief Executive Officers for each such business as may be notified by the Central Government
Note: there is no restriction given in the act with reference to the appointment of same person as President and MD of the same company.
Navin Agarwal
(354 Points)
Replied 31 July 2017
Law Aspire
(CS)
(755 Points)
Replied 01 August 2017
President is not defined under the Companies Act
Law Aspire
(CS)
(755 Points)
Replied 02 August 2017
In The Constitution of India.
The Word President of the Company is not defined in the Companies Act
Ankush Khurana
(33 Points)
Replied 06 August 2017
CAclubindia
