Alternate Director for the existing Director

This query is : Resolved

Guest

Guest (Querist)

09 June 2011 Dear Friends / Experts,

Please see my query.

ABC Ltd filed Form 32 for X as Alternate Director for Z say in January 2011.

Please note, X has not resigned.

Again, the company filing Form 32 for Y as Alternate Director for Z (same director) say in June 2011.

I am unable to understand the necessity or logic behind such filing.

Can somebody make me understand or clarify the correctness ?

Ans : .......................

It seems the MCA portal accepts such filing.

I will wait to hear replies from one & all.

Thanks.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

10 June 2011 Sir

Z might have returned to the state in which meeting of the Board are ordinarily held in between January and June,2011. So, as per section 313(2) of the Companies Act,1956, X vacates on the date of Z's arrival.
Subsequent to the above event, Z might have absent for not less than three months, warranting the appointment of Y as AD in June,2011.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

velichety.l.narasimharao

SHIBSANKAR DEY

deepak

Amit Yadav

Saumil Kapadia

Subscribe Now

Alternate Director for the existing Director

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

Accountant

Senior Executive

GST CONSULTANT

Manager- Finance and Compliance

GST CONSULTANCY