Reappointment of Managing Director
All companies (other than private companies). Re-appointment of MD can be made one year before the expiry of the existing term.
Every seat on your board comes with its own paperwork. Proviso to Section 196(2) governs exactly how this plays out. The practical effect: reappointment can only be made within the last 1 year before expiry of the current term — not earlier. With Fi CTC Generator, this is a 3-minute task, not a 30-minute Word-template hunt.
Re-appointment can be effected not earlier than one year before expiry of the current term. Form MR-1 must be filed within 60 days of re-appointment.
Proviso to Section 196(2), Companies Act 2013
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