appointment of regular director inplace of ADD DIRECTOR

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This query is : Resolved

DARSHAN (Querist)

25 November 2010
MY CONFUSION IS THERE IS PUBLIC COMPANY IN WHICH ONLY THREE ADDITIONAL DIRECTOR NOT ANY REGULAR DIRECTOR THIS DIRECTOR WERE APPOINTED IN THE MONTH OF FEB-08
THE AGM OF THE COMPANY HELD FOR THE YEAR ENDED 31 ST MARCH 2009 IS ON 31-09-2009 SO ALL THREE ADDITIONAL DIRECTOR AUTOMATICALLY RETIRED.
MY QUESTION IS COMPANY WANT TO APPOINT THIS THREE ADDITIONAL DIRECTOR AS A REGULAR DIRECTOR SO WHAT PROCEDURE COMPANY SHOUD FOLLOW FOR THAT ?

Ajay Mishra

Ajay Mishra (Expert)

25 November 2010 Hi Darshan

I will suggest you to call a general meeting (EGM) before the AGM after Feb 08 and regularise them at such general meeting.

Regards

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udit sharma

udit sharma (Expert)

25 November 2010 Hi...

Additional Directors appointed in Feb.2008 so they hold the office till the date of next Annual General Meeting i.e. AGM fot the financial year ended 31st March, 2008 and not 31st March, 2009.

Agreed with Ajay Sir conduct an EGM and regulairze the Directors before AGM and then any one of them can retire at the AGM in accordance with the provisions of section 255 & 256 of the Companies Act, 1956!

God Bless

Udit Sharma

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