12 April 2016
1)whether managing director is appointed for life by articles of association of a private company?
2)whether the person so appointed as director empowered by articles to appoint a successor?
12 April 2016
Query 1 :- As per provision of Sec 196(2) MD , WTD or Manager shall be appointed or re appointed for a term not exceeding 5 years Query 2 :- No , Director are appointed as per Sec 152
CAclubindia
