Managing/Whole-time directors Whether a person initially appointed as additional/alternate director could continue as managing/whole-time director

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....as additional/alternate director could continue as managing/whole-time director 1. A clarification has been sought as to whether a person initially appointed as additional/alternate director could continue as managing/whole-time director. The terms "director" and "managing director" are defined in the Act. On the face of it, a managing director has first to be a director. So long as he is a direc....

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....lso ceases simultaneously with his cesser of directorship at the commencement of the annual general meeting. However, if such a person is re‑elected as a full‑fledged director at the annual general meeting and thereby he continues as a director of the company, he shall continue as a managing director also for the period for which he is so elected by the annual general meeting and for t....

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....annual general meeting; it is clarified in the Government's sanction itself. In any case, if the annual general meeting does not continue a person as a director approved by the Central Government for appointment as managing director for a particular period, say five years, after the expiry of, say one year, he immediately ceases to be the managing director of the company. If, however such a person....