Mahesh Margapuram (AGM - Legal) 04 September 2011

Arrest of MD of a company

Dear All,

Upon arresting of a managing director of a public ltd. company by police officials on graft charges / conspiracy / abatement, / other charges, can he (MD) continue to act as a Managing director pending verdict of the trial by getting bail from the court under companies act, 1956 / or under any applicable law.

Thanks in advance.

M.Mahesh.