Managing/Whole-time directors ‑ Whether approval under the section is required for appointment if made in accordance with section 268 - Companies Law - Circular : No. 3,

Circular : No. 3, dated 13 4 1989. Subject:- Managing/Whole-time directors Whether approval under the section is required for appointment if made in accordance with section 268 No approval of the Central Government under section 268 is required for appointment or re appointment of managerial personnel, if made in terms of section 269.