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    Whole Time Director

    Posted By : SHALU / Published on : 16-Jul-2021 04:51 PM / View : 604 / Comment : 0

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    Hi all,

    As per Section 196 (2) No company shall appoint or re-appoint any person as its managing director, whole-time director or manager for a term exceeding five years at a time.

    Is the above provisions applicable to a Nidhi Company i.e. can a Nidhi company appoint a WTD for a period of 10 years.?
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