Re-appointment of md

Gargi Ranade (CS) (410 Points)

06 August 2015  

Dear Sir,

We are private ltd. Compamy , we have appointed Managing Director in August 2013  , for the period of 2 years and now his appointment is due for renewal.

I understand that section 203  is not applicable to us and Pvt. Ltd. Co. are  exempted from the purview of  section 196 (4) & (5) ,through the exemption notification dated 5th June 2015.

We are 100% subsidiary of the japanese Company and our parent company has already confirm the re-appointment in their Board Meeting at HQ.

In such case , can we re-appoint MD in Board Meeting and in ensuing AGM regularise his appointment. Will it be a right process , as this is just re-appointment.

Regards,

Gargi A. Ranade

C. S.