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Companies Law - Highlights / Catch Notes

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Effect of amendment of the Companies Act in 2013 - Appointment ...


2013 Companies Act Amendment: M.D. Disqualification Applies Automatically Unless Overridden by Special Resolution.

February 20, 2016

Case Laws     Companies Law     HC

Effect of amendment of the Companies Act in 2013 - Appointment of M.D. - if he was already appointed prior to 1-4-2014 when he was below the age of 70 years, on account of operation of statute, disqualification, whenever incurred after the Amendment Act, would operate automatically, subject to proviso i.e. special resolution being passed by the Company - HC

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