appointment of MD in newly started private ltd co.
This query is : Resolved
11 May 2011
Please let me know about the appointment of MD in newly started Private Ltd .Co. which has total 4 directors
12 May 2011
It is not mandiatory to have a MD in a private limited company.
Only public limited companies and their subsidiaries are required to have a MD as per section 269 of the Companies Act, 1956.
However if a private company wants to appoint MD it can do so by passing a board resolution.
Only public limited companies and their subsidiaries are required to have a MD as per section 269 of the Companies Act, 1956.
However if a private company wants to appoint MD it can do so by passing a board resolution.
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