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failure to appoint wholetime director u/s 269

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(Querist)
29 August 2010 what is the consequences of failure of a public limited company covered by sec 269 of the companies act, if whole time director or managing director is not appointed?
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CS Janak

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CS Janak (Expert)
03 September 2010 Sir,

Liable to penalty u/s. 629 of the Companies Act, 1956.

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