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Question
The Managing Directors can be appointed for the period of __________ years.
The Managing Directors can be appointed for the period of __________ years.
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Solution
The correct option is D five
As per the provisions of Companies Act 2013, no company shall appoint or re-appoint any person as its managing director, whole-time director or manager for a term exceeding five years at a time.
As per the provisions of Companies Act 2013, no company shall appoint or re-appoint any person as its managing director, whole-time director or manager for a term exceeding five years at a time.
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