Additional Director

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Pushpkant Mishra (Querist)

02 May 2009 Can additional Director be treated as Independent Director. What is the actual status of additional Director.

Ankur Garg

Ankur Garg (Expert)

03 May 2009 Yes, you can very much treat Additional Director as an Independent Director.

Even this is allowed as per clause-49 calculations of Listing Agreements.

Additional Director is appointed by the Board of Directors u/s 260 of the Companies Act, 1956. He is a normal member of Board of Directors with all the powers of Board.

Only point is that this director is to hold office only up to the date of next AGM.

But in next AGM such Additional Director can be appointed as a regular director by following the procedure prescribed by Section-257.

Hope i am able to bring some clarity. Please revert for further query.

Best Regards
Ankur Garg

Message likes : 1 times

Pushpkant Mishra

Pushpkant Mishra (Querist)

03 May 2009 Thanks Ankur....

Ankur Garg

Ankur Garg (Expert)

31 July 2015 You are always welcome dear friend and I would suggest you to keep sharing your doubts through the platform of Caclubindia for relevant answers from learned experts.

Thanks
Ankur Garg

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