Question

A company may appoint or employ a person as its managing director, if he is the managing director or manager of one, and of not more than one, other company and such appointment or employment is made or approved by a resolution passed at a meeting of the________with the consent of_____present at the meeting and of which meeting, and of the resolution to be moved there at,_______notice has been given to all the directors then in India.

• A. shareholder; all the shareholder; special
• B. board; majority directors; special
• C. shareholder; all the shareholder; specific
• D. board; all the directors; specific

Answer 1

The correct option is D board; all the directors; specific

The proviso to section 203(3) provides that a company may appoint or employ a person as its managing director, if he is the managing director or manager of one, and of not more than one, other company and such appointment or employment is made or approved by a resolution passed at a meeting of the 'Board' with the consent of 'all the directors' present at the meeting and of which meeting, and of the resolution to be moved thereat,

'specific' notice has been given to all the directors then in India.