https://www.taxtmi.com/article/detailed?id=399 Disqualification for appointment as a managing director under Section 267 is personal and arises only where the person is an undischarged insolvent, has suspended payments or made compositions with creditors, or has been convicted of an offence involving moral turpitude. Section 316 restricts holding multiple managing directorships by public companies, allows limited exceptions with board approval and notice, and permits the Central Government to authorize a common managing director for companies functioning as a single unit. Proof of personal disqualification is required rather than reliance on corporate insolvency or alleged mismanagement. en-us Tue, 23 Jun 2009 00:00:00 +0530 Thu, 10 Dec 2009 19:11:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=399 Disqualification for appointment as a managing director under Section 267 is personal and arises only where the person is an undischarged insolvent, has suspended payments or made compositions with creditors, or has been convicted of an offence involving moral turpitude. Section 316 restricts holding multiple managing directorships by public companies, allows limited exceptions with board approval and notice, and permits the Central Government to authorize a common managing director for companies functioning as a single unit. Proof of personal disqualification is required rather than reliance on corporate insolvency or alleged mismanagement. Articles Corporate Laws / IBC / SEBI Tue, 23 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=399