Mr. Ruff was appointed as a Managing Director in the government company, Constant Limited. He was of 70 years with good experience in the field of finance. He was appointed for 6 years. State the correct statement as to term of appointment of Mr. Ruff in the said company: –
He cannot be appointed at all
He can be appointed by passing special resolution for the period not exceeding 5 years
Central government may appoint on application of Board to him for the period of 5 years
He can be appointed by passing special resolution, or where no such special resolution is passed, appointed by Central Government on an application made by the Board, for period exceeding 5 years.