Can Managing Director be appointed by circular resolution? Please specify the relevant sections also?
2 Replies
SANTOSH SHAH
(Company Secretary)
(754 Points)
Replied 04 May 2011
| Originally posted by : Charu Srivastava | ||
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Can Managing Director be appointed by circular resolution? Please specify the relevant sections also? |
 |
Hi
In my view, MD cannot be appointed by Circular Resolution. It has to be through BM.
Please refer Section 316 (2) / 386 (2) for reference relating to MD.
Only Additional Director / Alternate Director can be appointed in case of urgency through Circular
Resolution.
Other views solicited.
regards
Santosh Shah
Rakesh Dhanuka
(Company Secretary)
(478 Points)
Replied 04 May 2011
Santosh is correct.....for more clarification you can refer SS-7 mentioning the business that cannot be transacted by circular resolution..
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