Mr. A is an Non Executive Director of a Public Limited Company. The Company is supposed to get listed. Now Mr. A wants to get appointed as Managing Director (MD) in the same Company. So pls let me know the procedure i.e. first will he be appointed as Additional MD in Board Meeting and then regualrised in AGM ? OR he can directly be appointed in General Meeting i.e. through Extra Ordinary General Meeting as Managing Director.
Query 2
Procedure for appointment of Independent Director as per Companies Act, 2013. Can a Independent Director be directly appointed in General Meeting (whether in EGM or in AGM) ? OR Independent Director be first appointed as Additional Independent Director in Board Meeting and then regularised in AGM.
CAclubindia
