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Business Studies

Organisational Objectives

The Managing ...

Question

The Managing Directors can be appointed for the period of __________ years.

A

one

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B

two

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C

tree

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D

five

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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.

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Similar questions

Q. A person is disqualified from being appointed as a managing director if ___________________.

Q. It is uncommon to appoint a person as a managing director ___________.

The maximum term at a time for appointment of managing director is _________ year.

Q. State the following statement is True of False:

A Managing Director is appointed for a period of 5 years.

Q. Solve.
X is employed as a managing director in a company. After he rendered service for sometime it is found that the Board of Directors was not competent to appoint him as such. Can X anything from the company?

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