New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    As per the Companies Act, the maximum tenure for a

    Managing Director, Whole-Time Director, or Manager in a company is_______________
    A 3 years Correct Answer Incorrect Answer
    B 4 years Correct Answer Incorrect Answer
    C 5 years Correct Answer Incorrect Answer
    D 6 years Correct Answer Incorrect Answer
    E 10 years Correct Answer Incorrect Answer

    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.

    Practice Next