|
| This query is : Resolved
|
Author : Anonymous
( Author )
27 November 2010
|
Dear friends and seniors,
Please guide me on the following issue:
In an unlisted public company in FY 2008-09 there were 3 directors out of them 2 directors retired by rotation and reappointed in the AGM for FY 2008-09. In FY 2009-10 3 additional directors were appointed who will be regularised in this years (i.e. FY 2009-10) AGM.
As per section 256 of the Companies Act, 1956 1/3 of the total strength of the directors in every AGM. Now only 1 director is avilable out of Old directors for Retirement by rotation in this years AGM.
Please guide me on the above case.
Regards,
Nikhil D.
|
|
|
|
Ramasubbu K
( Expert )
27 November 2010
|
The one director shall be retire by rotation.
|
|
|
|
Ajay Mishra
( Expert )
29 November 2010
|
Agreed with Sir....
Only one director which are not retire last FY 2008-09 will retire this FY 2009-10.
Regards
|
|
|
|
|
Previous
Next |
|
You need to be the querist or
approved
CAclub expert to take part in this query .
Click here to login (
 ) now
|
| Similar Resolved Queries : |
|
|
|
