Schedule v

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

18 August 2014 1. Is Schedule V applicable for MD of Private Companies also.

2. Limitation that a MD cant be appointed in More two companies at a time. is that applicable for private companies also.

Please reply

Ankur Garg

Ankur Garg (Expert)
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18 August 2014 Appointment of MD is not mandatory for a Private Company so there is no point of applicability of schedule V in case of a private Company.

Thanks

Querist : Anonymous

Querist : Anonymous (Querist)

19 August 2014 sir in our case there is MD in group of private Companies .

Section 196 becomes applicable to it which is applicable to both whether its private or Public company. and Its Sub Section 4 states that subject to provisions of section 197 and Schedule V, MD, WTD or Manager shall be appointed.

Then what will be solution in respect of my above two queries .

1. Is Schedule V applicable for MD of Private Companies also. 2. Limitation that a MD cant be appointed in More two companies at a time. is that applicable for private companies also. Please reply....

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