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Question
The maximum term at a time for appointment of managing director is _________ year.
The maximum term at a time for appointment of managing director is _________ year.
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Solution
The correct option is B five
The maximum term for the appointment of a director is five year. An independent director can be appointed for a period of consecutive five years. Such directors can be re appointed after passing a special resolution by the board for a period of another five years.
The maximum term for the appointment of a director is five year. An independent director can be appointed for a period of consecutive five years. Such directors can be re appointed after passing a special resolution by the board for a period of another five years.
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