[table width=350 style="background:white;border:silver 1px solid; padding:3px;margin-left:5px"][tr][td][/td]
[td]Welcome to GovPro!

This clan is meant for Governance Professionals viz. CSs, CAs, CMAs, our endeavor is to unite them as GovPros.[/td][/tr]

[tr][td colspan="2"]To utilize the complete forum functionality, please register yourself or log in if you are registered previously.

I hope you gain some knowledge before you log off.

Sincerely,
GovPro Administrator
[/td][/tr][/table]
Get real time legal updates on your cell
Subscribe via Google SMS ChannelClick here
Latest topics
» NBFC Retirms - circular from RBI
Sat Sep 24, 2011 10:01 pm by RENGARAJAN

» CORPORATE TRAFFIC JAM
Sat Sep 24, 2011 9:57 pm by RENGARAJAN

» Required Moderators
Sat Aug 20, 2011 10:29 am by cafirms

» Non Renewal of Appointment of MD
Wed Jul 06, 2011 1:57 pm by maslekar

» Directors Rights for Copy of Board Minutes
Wed Jul 06, 2011 1:50 pm by maslekar

» Human rights violations disclosures forms part of annual reports
Sun Jun 26, 2011 12:34 pm by RENGARAJAN

» Appointment of Joint Auditor
Fri Jun 24, 2011 11:36 am by sameer

» Before a mortgage, take some advice
Fri Jun 24, 2011 10:39 am by RENGARAJAN

» GovPro eNewsletter June, 2011
Thu Jun 23, 2011 5:17 pm by raj_vadigoppula

Subscribe eNewsletter
Subscribe to GovPro eNewsletter

Email *
RSS feeds


Yahoo! 
MSN 
AOL 
Netvibes 
Bloglines 



Non Renewal of Appointment of MD

Go down

Non Renewal of Appointment of MD

Post by maslekar on Wed Jul 06, 2011 1:57 pm

In a Public Limited Company, the Managing Director's appointment is due for renewal during the month of October, 2011. However, the Board during July, 2011 meting resolved not to recommend renewal. While next AGM is due in September, 2011, the appointment of MD shall lapse in October, 2011. Under the circumstances:-
1. Can the existing MD hold office till October, 2011 & tender his resignation due to
non- renewal of appointment.?
2. Since AGM is prior to October, 2011, the meeting will not consider any proposal on this.?
3. What will happen if MD's appointment is not renewed or no new director is appointed as MD during October, 2011?

Views solicited.
-V.Maslekar

maslekar

Posts : 4
Points : 15
Reputation : 1
Join date : 2011-06-11

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum