Regularization of additional director in agm

This query is : Resolved

Gnanadeep (Querist)
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18 October 2015 URGENT!
Dear all
The additional director appointed will be regularized in following AGM, what if all other directors are interested as it is a public company?

Swati Sethi

Swati Sethi (Expert)
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19 October 2015 Then, that resolution has to be pass by shareholders of the Company.

Ankur Garg

Ankur Garg (Expert)
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21 October 2015 No issue at all.

Reason being agenda for regularisation is to be approved by shareholders in the AGM. So the fact that all directors are interested does not make any difference as shareholders are the approving authority.

Thanks