Chapter 13 of company act 13

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for kmp the term of office is 5 year what is reson behind keeping 5 year as a term
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Because it is mentioned as per companies act
Just to add... corporate runs like separate legal entity and with shared funds, so there should n
not be any kind of dictatorship, term of ID/MD/WTD is fixed for certain period.... note that KMP includes CFO/CS ,but both are excluded...


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