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    <title>1988 (9) TMI 271 - HIGH COURT OF PUNJAB AND HARYANA</title>
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    <description>The court upheld the single judge&#039;s decision, ruling that only the board of directors, not the managing director, had the authority to terminate the services of a company secretary. The memorandum and articles of association specified that the power to appoint and remove officers rested with the board of directors. The court found that the managing director had exceeded their authority by issuing termination orders, even if later approved by the board, emphasizing the importance of adherence to the company&#039;s governing documents in such matters.</description>
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      <link>https://www.taxtmi.com/caselaws?id=101653</link>
      <description>The court upheld the single judge&#039;s decision, ruling that only the board of directors, not the managing director, had the authority to terminate the services of a company secretary. The memorandum and articles of association specified that the power to appoint and remove officers rested with the board of directors. The court found that the managing director had exceeded their authority by issuing termination orders, even if later approved by the board, emphasizing the importance of adherence to the company&#039;s governing documents in such matters.</description>
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