Tenure of Managing Director

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Is the tenure of MD in a Listed Company  is prescribed in any section or we can make for as long as we want???? 

Please reply if any one knows about it. Its quite urgent.

 

Thanks & Regards,

 

Vineeta

Replies (2)

A person can be appointed as a managing director in a public company for a maximum period of 5 years.

 

MD can may be reappointed or his term may be extended. However, the term of reappointment or extension shall not exceed 5 years.

 

[Sec. 317 of Company Act, 1956]

mr. Singh is correct


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