Companies Act, 2017

PART-VII

CHIEF EXECUTIVE

From: 2023-11-01 - To: 0000-00-00 187. Appointment of subsequent chief executive- (1) Within fourteen days from the date of election of directors under section 159 or the office of the chief executive falling vacant, as the case may be, the board shall appoint any person, including an elected director, to be the chief executive, but such appointment shall not be for a period exceeding three years from the date of appointment: Provided that the chief executive appointed against a casual vacancy shall hold office till the directors elected in the next election appoint a chief executive. (2) On the expiry of his term of office under section 186 or sub-section (1) of this section, a chief executive shall be eligible for reappointment. (3) The chief executive retiring under section 186 or this section shall…