Question
As per the Companies Act, the maximum tenure for a
Managing Director, Whole-Time Director, or Manager in a company is_______________Solution
Section 196. Appointment of managing director, whole-time director or manager: (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:Provided that no re-appointment shall be made earlier than one year before the expiry of his term.
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