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Can we backdate to assign a manager in limited companies?

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Can we backdate to assign a manager in limited companies?

I’ve just realized that term of office of the manager of our limited company who is also the only partner ended on November, 2018. Can we make a decision stating that we agreed ‘to assign a manager for 20 years following the termination of his/her term of office’?

It is not right to backdate in this case. It is only possible to make a decision today to give the power of representation to the manager by assigning him/her for a definite period. Although the term of office of the manager has ended, there is no problem as the responsibilities of managers continue until a new one is selected.

 

 

 


Source: İSMMMO
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.


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