Query
Nitish Agrawal (CA) (810 Points)
01 April 2015
Maithili
(1)
(476 Points)
Replied 01 April 2015
Non - rotational Director (NRD)
(Sec. 152 - Any Director appointed other than in A.G.M. is a Non rotational Director)
A Director appointe Casual Vacancy is appointed by Board of Directors(i.e. in Board Meeting and not in A.G.M)
So he is a Non Rotational Director
Nitish Agrawal
(CA)
(810 Points)
Replied 01 April 2015
Maithili
(1)
(476 Points)
Replied 01 April 2015
Yes it is wrong as per my knowledge
I hope u are talkin about Q.5 of Dec,2014 edition of Practice manual
where Mr.Casual is appointed in place of Mr.Soul .. .
Actually the 6 Rotational Directors must be (Mr.First , Mr.Second, Mr.Third ,Mr. Fourth ,Mr.Fifth & Mr.Excellent)
Mr.Excellent - Bcoz a Managing Director can be a Rotational or Non-Rotational director
whereas Mr. Casual will Hold office till unexpired term of Mr.Soul (as given in Point (ii) of the Anwer.
Nitish Agrawal
(CA)
(810 Points)
Replied 01 April 2015
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