Appointment-nominee director u/s 161(3) - amendment to moa?
This query is : Resolved
Gautam Jain
(Querist)
16 May 2017
Query: Whether AOA of the co. need to be altered to give powers to BOD for appointing nominee directors under sec 161(3) or can the Board appoint nominee directors from the institutions based on the existing clause of its AOA without altering the AOA?
CS Mitesh Mehta
(Expert)
18 May 2017
AOA must contain provision for appointment of Nominee Director.
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