2013 Companies Act Amendment: M.D. Disqualification Applies Automatically Unless Overridden by Special Resolution.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Effect of amendment of the Companies Act in 2013 - Appointment of M.D. - if he was already appointed prior to 1-4-2014 when he was below the age of 70 years, on account of operation of statute, disqualification, whenever incurred after the Amendment Act, would operate automatically, subject to proviso i.e. special resolution being passed by the Company - HC....