Additional director

This query is : Resolved 

14 August 2014 IF A PERSON WAS APPOINTED AS ADDITIONAL DIRECTOR U/S 161 OF COMPANIES ACT, 2013 IN THE BOARD MEETING TILL THE CONCLUSION OF ENSUING AGM OF THE COMPANY

CAN HE COMPULSORILY DEPOSIT RS 1.00 LACS TO GET APPOINTED AS REGULAR DIRECTOR U/S 160 OF 2013 IN THE ENSUING AGM OF THE COMPANY


14 August 2014 addition director will be regularize in AGM and then file form 32 for appointment as director.

14 August 2014 Thanks sir pls suggest as per companies act, 2013

15 August 2014 As per section 160 it is duty of the person to deposit Rs. 1 Lac, who propose a person as regular director. This amount will be refunded once the person elected successfully.

It is a mandatory requirement for all companies.


Thanks


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