Legal Question in Business Law in India
Is it necessary that a managing director must be a director first of a company ??
Does resignation from the post of director also leads to cessation of his duties as a managing director ??? any recent case law on this ???
Asked on 6/05/13, 2:01 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
05.06.2013
Dear Sir / Madam,
A Managing Director is appointed from amongst the Directors of the Company. So a Managing Director must be a Director first.
If the Director who is a Managing Director resigns from the post of Director, he automatically ceases to be the Managing Director.
Regards,
Answered on 6/05/13, 6:39 am
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