Whether Appoint ment of manging director with retrospective effect
2 Replies
FCS Jay
(FCS )
(35 Points)
Replied 11 December 2008
| Originally posted by :Reeba varghese | ||
| " | Whether Appoint ment of manging director with retrospective effect | " |
no
Pavan Jain S
(Chartered Accountant)
(1575 Points)
Replied 12 December 2008
The Definition of MD includes, interalia, a person who is occupying the position of a MD even though not formally apointed and all the provisions of the ACT shall apply.
You cannot pass a resolution for appointing retrospectively. but if he is exercising the duties and powers of MD, he shall be deemed to be a MD.
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