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Retirement of Director - A Public Limited unlisted company has appointed Managing Director, Joint Managing Director (WTD) & Executive Director (WTD). The Managing Director, Joint Managing Director (WTD) & Executive Director (WTD) may be retired by rotation or not as per the Companies Act, 2013. The Board total strength is – 7 Directors out of which 3 are MD, JMD & ED and 2 is Non- executive directors and 2 is Independent Directors. Please clarify.

Director

Posted By: Sunil kumar agrawal 9 year(s) ago

This question has been closed if you want to answer,you have to re-open.


Expert    Ankit Singhi

MD , WTD may be retired by rotation if article of the company or resolution appointing them provides the provision for the same .

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