Home Circulars 1987 Companies Law Companies Law - 1987 This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
Appointment of secretary as director of company requires approval of the Central Government under the section - Companies Law - Letter : No. 16/39‑CL‑I‑111/85,Extract Letter : No. 16/39 ‑ CL ‑ I ‑ 111/85, dated 26 ‑ 6 ‑ 1987. Subject:- Appointment of secretary as director of company requires approval of the Central Government under the section Query : Whether the appointment of the whole‑time company secretary as part-time director on its board of directors requires the approval of the Central Government under section 269(1)? Answer : The appointment of whole‑time company secretary as part‑time director on the board of directors of the company does not require approval of the Central Government under section 269(1) so long as substantial powers of management of the affairs of the company are not vested in the incumbent.
|