Whole Time Director

This query is : Resolved 

05 December 2010 What are the provisions in respect of Whole Time Director or and Managing Director.
Plz explain the complete process

06 December 2010 Hi..

Please read sections 198,268,269,309,310,349&350 of the Companies Act, 1956

God Bless

Udit Sharma

06 December 2010 Weather special resolution is required?


07 December 2010 Appointment of MD / WTD requires only ordinary resolution.

However if remuneration is paid to MD / WTD in accordance with Section II(1)(B) of Schedule XIII, the remuneration shall be approved by a special resolution at the general meeting of the company.



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