Managing/Whole-time directors Managing director, as a director, retires and re elected Whether Government approval necessary

Managing/Whole-time directors Managing director, as a director, retires and re elected Whether Government approval necessary https://www.taxtmi.com/circulars?id=10664 Continuity of office is preserved where a managing director retires as a director under the statutory retirement provision and is re elected at the same meeting; the managing director's office does not suffer a break and previously granted government approval of the terms of appointment remains effective for the approved period, so fresh government approval is not required when re election occurs in the same meeting. en-us Tue, 09 May 1961 00:00:00 +0530 Thu, 16 Jun 2011 10:28:00 +0530 TaxTMI RSS Generator Managing/Whole-time directors Managing director, as a director, retires and re elected Whether Government approval necessary https://www.taxtmi.com/circulars?id=10664 Continuity of office is preserved where a managing director retires as a director under the statutory retirement provision and is re elected at the same meeting; the managing director's office does not suffer a break and previously granted government approval of the terms of appointment remains effective for the approved period, so fresh government approval is not required when re election occurs in the same meeting. Circulars Companies Law Tue, 09 May 1961 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10664