Managing director not to be appointed for more than five years at a time.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....d for more than five years at a time. 317. (1) No company shall, after the commencement of this Act, appoint or employ any individual as its managing director for a term exceeding five years at a tim....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... office, of any person by further periods not exceeding five years on each occasion: Provided that any such re-appointment, re-employment or extension shall not be sanctioned earlier than two years ....