TMI BlogNumber of companies of which one person may be appointed managing director.X X X X Extracts X X X X X X X X Extracts X X X X ..... appoint or employ any person as managing director, if he is either the managing director or the manager of [2] [any other company (including a private company which is not a subsidiary of a public company)], except as provided in sub-section (2). (2) [3] [A public company or a private company which is a subsidiary of a public company] may appoint or employ a person as its managing directo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... commencement of [6] [the Companies (Amendment) Act, 1960 (65 of 1960)], choose not more than two of those companies as companies in which he wishes to continue to hold the office of managing director or manager, as the case may be; and the provisions of clauses (b) and (c) of sub-section (1) and of sub-sections (2) and (3) of section 276 shall apply mutatis mutandis in relation to this case, as ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... [4] Substituted by the Companies (Amendment) Act, 1960, Act, 65 of 1960, for "other company". [5] Substituted by the Companies (Amendment) Act, 1960, Act 65 of 1960, section 118, for "two companies". [6] Substituted by the Companies (Amendment) Act, 1960, Act 65 of 1960, section 118, for "this Act". - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulati ..... X X X X Extracts X X X X X X X X Extracts X X X X
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