Government approval for managerial appointments unnecessary where appointment complies with statutory appointment provision under companies law. Where a managing or whole time director is appointed or re appointed in accordance with the statutory appointment provision, no Central Government approval under section 268 is required; compliance with the procedural and substantive requirements of the statutory appointment provision dispenses with separate sanction under the separate approval provision for managerial personnel.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Government approval for managerial appointments unnecessary where appointment complies with statutory appointment provision under companies law.
Where a managing or whole time director is appointed or re appointed in accordance with the statutory appointment provision, no Central Government approval under section 268 is required; compliance with the procedural and substantive requirements of the statutory appointment provision dispenses with separate sanction under the separate approval provision for managerial personnel.
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