Dear all,
This is with regard to Sec 161 of companies Act 2013, as per this section board can appoint additional director and that director would hold office upto next AGM date.
Now as per the above provision if a person is not regularised in AGM , will it be considered that the said person is not a a director of the company and is not liable for any act done after AGM.
What are the implications of Sec. 161 and is any there any particular case law for this section
Kindly provide your valuable suggestions.
Regards
CS Aditi Bhola