Appointment of director
This query is : Resolved
04 May 2012
Dear Members,
A private limited company has two Directors holding equal shares each.Can board give power to the Managing director in the board meeting to appoint a new director in the company.
A private limited company has two Directors holding equal shares each.Can board give power to the Managing director in the board meeting to appoint a new director in the company.
04 May 2012
Hi
Generally not, it is possible only when quorum is not present.
In Case the director of the company is less than two or the no. of director fix for the quorum, then the remaining director (continuing director or directors) may act for the purpose of increasing the no. of directors to that fixed for the quorum or summoning a general meeting of the company, but no for other purpose.
Please read Regulation 75 of Table A of Schedule I of the Companies Act, 1956.
Generally not, it is possible only when quorum is not present.
In Case the director of the company is less than two or the no. of director fix for the quorum, then the remaining director (continuing director or directors) may act for the purpose of increasing the no. of directors to that fixed for the quorum or summoning a general meeting of the company, but no for other purpose.
Please read Regulation 75 of Table A of Schedule I of the Companies Act, 1956.
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