Appointment of md eligibility criteria

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Querist : Anonymous

Querist : Anonymous (Querist)

08 February 2017 Dear Experts,
Pls claify weather the public company need to appoint the MD if yes what its eligibility criteria?

Regads
Sameer

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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08 February 2017 Section 203 of the Companies Act, 2013 read with Rule 8 of Companies (Appointment and Remuneration of Managerial Personnel) Rules, mandates the appointment of Key Managerial Personnel and makes it obligatory
for a listed company and every other public company having a paidup share capital of rupees ten crores or more, to appoint MD.