APPOINTMENT OF DIRECTOR IN AGM BY SHAREHOLDERS
This query is : Resolved
08 December 2019
Appointment of director is SEPCIAL BUSINESS...so explantory sttement is needed ? can two directors be appointed through one Resolution in AGM ?
09 December 2019
As per Section 102(2)(a) the appointment of directors in place of those retiring is ordinary business.
But in case of fresh appointments these are considered as special business. And an explanatory statement will be required.
As per Section 162 of the Companies Act, 2013,
At general meeting of a company, a motion for the appointment of two or more persons as directors of the company by a single resolution shall not be moved unless a proposal to move such a motion has first been agreed to at the meeting without any vote being cast against it.
Thus at first a motion shall be moved to consider appointment of two or more director by single resolution which shall be confirmed by the members without any member dissenting to it.
But in case of fresh appointments these are considered as special business. And an explanatory statement will be required.
As per Section 162 of the Companies Act, 2013,
At general meeting of a company, a motion for the appointment of two or more persons as directors of the company by a single resolution shall not be moved unless a proposal to move such a motion has first been agreed to at the meeting without any vote being cast against it.
Thus at first a motion shall be moved to consider appointment of two or more director by single resolution which shall be confirmed by the members without any member dissenting to it.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Difference between Date of Payment and Date of Deduction?
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Unregistered suppliers utility
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- LIC maturity claim whether taxable
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- FCRA 6 E- Intimation
- EXPORT COMMERCIAL INVOICE HSN CODE
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
