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Thursday, January 3, 2008

Can an Additional Director be appointed as a ManaginglWholetime Director

Since any director can be appointed as a managing or wholetime director, an additional director being a director, there should be no objection to the

appointment of an additional director as a managing or wholetime director. However, the

tenure of an additional director is limited to the holding of the annual general meeting (AGM) and if the company at the AGM does not re-appoint him as a

director, he will automatically vacate his office as managing or wholetime director

also. It is because no. person who is not a director can function as a managing or wholetime director. The aforesaid view has also been endorsed by the

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