Need clarity on Managing director or whole time director appointment. - Section 196 saying fo appointment of MD or WTD and section 203 saying for appointment of key managerial personnel in which MD or WTD includes. - means two MD/WTD require to appoint?
2 Replies
Ashish Gupta
(82 Points)
Replied 24 December 2019
There is only one MD / wtd or manager in one company
you have to follow that section which is more strict
you have to follow that section which is more strict
Pawan Mittal
(10 Points)
Replied 05 January 2020
For md/ wtd and manager follow sec 196
and for CFO CEO and CS follow sec 203
and for CFO CEO and CS follow sec 203
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