Confirmation of a addional director

This query is : Resolved 
 


Querist : Anonymous (Querist) 28 February 2012

Can we confirm the directorship of a additional director in EGM held after AGM. For example appointment of a additional director appointed in May 2011 can be appointed as normal director in EGM held in November 2011. AGM dt is 30th sept.


CS Mitesh Mehta (Expert) 28 February 2012

No.

Additional director need to be appointed as a normal director in AGM i.e on 30TH SEPT. As additional director ceases to hold office on the date of the AGM held next after the date of his appointment as additional director.- Sec 260

Neha Jain (Expert) 28 February 2012

Since the term of appt of additional director expires on the next AGM after appointment, it is not possible to confirm appt in EGM held after AGM as he ceases to be director on AGM if he is not confirmed as director.

Thanks

Jiten Gupta (Expert) 29 February 2012

Agree with experts!!

As per section 260, Additional Director shall hold office upto the date of ensuing AGM!!!!



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