In case of Private Company, Section 196(4) and 196(5) of Companies Act, 2013 is not applicable.
Therefore, whether appointment/reappointment of MD and WTD is sufficient through passing of Board Resolution only OR a general meeting is required to be conducted in addition to the Board meeting to effect the appointment/reappointment ?
Opinions are invited in this regard please.
Dear Members,
In case of Private Company, Section 196(4) and 196(5) of Companies Act, 2013 is not applicable.
Therefore, whether appointment/reappointment of MD and WTD is sufficient through passing of Board Resolution only OR a general meeting is required to be conducted in addition to the Board meeting to effect the appointment/reappointment ?
Opinions are invited in this regard please.