Our Whole Time Director(WTD) Appointment ends on Oct 20th, but our Board meeting is going to be held on Nov 8 th .Can we appoint WTD retrospectively from Oct 21st by the Board of Directors ? friends reply me its very urgent.....
Kavitha.S (Company Secretary) (369 Points)
08 October 2010
Our Whole Time Director(WTD) Appointment ends on Oct 20th, but our Board meeting is going to be held on Nov 8 th .Can we appoint WTD retrospectively from Oct 21st by the Board of Directors ? friends reply me its very urgent.....
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 08 October 2010
According to me re-appointment of WTD with retrospective effect is possible due to non-applicability of section 317 on WTD but it is not advisable.
However retrospective re-appointment of Managing Director is not possible due to section 317.
If possible pass a BR in back date for re-appointment.
Thanks
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