Agreed with Anjali.
Very good question regarding appointment of MD sir, and as per my view, after going through the provisions of section 203(3) of Companies Act 2013, I think that MD can be appointed in any other company. Because as per provisions. KMP can be appointed in holding and subsidiary company at same time (which i treated as working for one company) and AS per provisions regarding appointment of MD, MD can be appointed in not more than two companies. So here holding and subsidiary company will be treated as working for one company. And henceforth he can be appointed in any other company.
I apologize if I am mistaken here sir,
Im a just a student and tried interpreting the provision.
Thanks
Regards
Nikki
In the case of Unlisted Company ,Secretarial Audit becomes applicable, if its paid-up capital is Rs.50 crores or more or its turnover is Rs.250 crores or more. My query is in the above case,paid-up capital/turnover will be for the immediately preceding financial year or current financial year.
Click here to view / answer Share it on
audit secretarial At last AGM held in September,2017,Mr.X,a NED was re-designated as ID.Thereafter,the Company tried to file DIR-12.However,MCA is not accepting DIR-12 on the ground that his name is already appearing as a Director.What is the remedy?
Click here to view / answer Share it onfiling form director designation change 
No they can't be appointed. As per provisions of MD they can be appointed for more than one company and as per provisions of kmp they can be appointed in only one subsidiary company along with holding position in holding co... But if managing director is appinted as KMP then section 203 calls for whole time kmp, so MD need to be apointed on whole time basis in holding and its subsidiary and not allowed to be appointed in any other company. Suggestions welcomed @csanjali.gorsia@gmail.com