https://www.taxtmi.com/article/detailed?id=5697 Eligibility to serve as managing director, whole-time director or manager is governed by statutory disqualifications-age below 21 or above 70 (subject to special resolution), insolvency or compositions with creditors, suspension of payments, and convictions with sentences exceeding six months-together with Schedule V requirements including specified prior offences and a defined residency test. Appointment procedure requires board approval of terms and remuneration, disclosure of directors' interests, confirmation by the next general meeting, Central Government approval where Schedule V conditions are varied, and filing of form MR-1 within sixty days. en-us Tue, 01 Jul 2014 12:22:02 +0530 Tue, 01 Jul 2014 12:22:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5697 Eligibility to serve as managing director, whole-time director or manager is governed by statutory disqualifications-age below 21 or above 70 (subject to special resolution), insolvency or compositions with creditors, suspension of payments, and convictions with sentences exceeding six months-together with Schedule V requirements including specified prior offences and a defined residency test. Appointment procedure requires board approval of terms and remuneration, disclosure of directors' interests, confirmation by the next general meeting, Central Government approval where Schedule V conditions are varied, and filing of form MR-1 within sixty days. Articles Corporate Laws / IBC / SEBI Tue, 01 Jul 2014 12:22:02 +0530 https://www.taxtmi.com/article/detailed?id=5697