re appointment of MD

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SUBRAMONY V (Querist)
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09 July 2009 MD of a private company was appointed for 7 years and now the perid of 7 yearas and another 10 months had gone. Actuall he was continuing his position. can his re-appoinment be at a later date ratifying the acts done by him.

Ankur Garg

Ankur Garg (Expert)
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09 July 2009 Hi Subramony,

Yes you may re-appointment him at a later date ratifying the acts done by him reason being strict provision of appointment of Managerial Personnel contained in section 269 etc are not applicable to a pvt co.

Also check your Articles provisions in this regards.

Regards