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Question
Study the following case/situation and express your opinion.
Mr. M wishes to be the Managing director of QRS Ltd:
(a) The age of Mr. M is 30 years. Can he be appointed as MD of a company?
(b) Is it necessary that Mr. M should be one of the directors on the Board of QRS Ltd.?
(c) For how long a period QRS Ltd. can appoint Mr. M. as Managing Director?
Solution
(a) Mr. M’s age is 30 years. He can be appointed as Managing Director (MD) of a company. He is not less than 21 years and more than 70 years of age.
(b) Mr. M must be one (necessarily) of the directors on the Board of QRS Ltd.
(c) QRS Ltd. can appoint Mr. M as Managing ' Director for a term of 5 years.
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