Appointment of managing director

Discussion in 'MCA' started by tanuja, Mar 19, 2014.

  1. tanuja

    tanuja Member

    I want to know can a person be appointed as Chairman and Managing Director in a public limited company, if he is not already a Director of the said company. Can the company pass a resolution in the EGM to appoint him as a director and again pass one more resolution appointing him as Chairman and Managing Director in the same EGM? Whether there will be non compliance of any section? Also the company wants him to be the permanent MD in the board i.e. wants him not to be eligible to retire by rotaion. If the above procedures are possible, then please provide me the sample resolutions for the same.

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