https://www.taxtmi.com/article/detailed?id=1349 A Managing Director may be appointed only for a prescribed maximum term at a time and may be reappointed or have the term extended subject to statutory timing constraints and other provisions of the Act and corporate governance requirements. The Act does not prohibit termination of the managing director before expiry of the fixed term, and a company may end the existing agreement and enter a new one provided statutory and governance obligations are complied with and any approval requirements capable of post facto regularisation are followed; reasons should be documented. en-us Thu, 07 Jul 2011 23:55:00 +0530 Sat, 14 Sep 2013 23:09:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1349 A Managing Director may be appointed only for a prescribed maximum term at a time and may be reappointed or have the term extended subject to statutory timing constraints and other provisions of the Act and corporate governance requirements. The Act does not prohibit termination of the managing director before expiry of the fixed term, and a company may end the existing agreement and enter a new one provided statutory and governance obligations are complied with and any approval requirements capable of post facto regularisation are followed; reasons should be documented. Articles Corporate Laws / IBC / SEBI Thu, 07 Jul 2011 23:55:00 +0530 https://www.taxtmi.com/article/detailed?id=1349