Appointment of subsequent directors
This query is : Resolved
02 August 2012
Dear friends,
Need ur expertise on this.
Want to recollect the concept and provisions for rotational Director (Sec 254 255 256):
First director are appointed as per AOA, assume named in AOA of co. and no further provisions are given in respect of them as per sec 254 (Sec 254)
During First AGM following process is followed
A. All First director retire at first AGM and are eligible for reappoitment.
B. Shareholders choose the directors who are non-rotational, maximum of 1/3
3. In the Second AGM first the rotational directors are retired.
Is this process correct or
First director don't retire at AGM
Rotational and Non - Rotational directors are decided by Board among themselves anytime before AGM
Waiting for your comments.
Dear friends,
Need ur expertise on this.
Want to recollect the concept and provisions for rotational Director (Sec 254 255 256):
First director are appointed as per AOA, assume named in AOA of co. and no further provisions are given in respect of them as per sec 254 (Sec 254)
During First AGM following process is followed
A. All First director retire at first AGM and are eligible for reappoitment.
B. Shareholders choose the directors who are non-rotational, maximum of 1/3
3. In the Second AGM first the rotational directors are retired.
Is this process correct or
First director don't retire at AGM
Rotational and Non - Rotational directors are decided by Board among themselves anytime before AGM
Waiting for your comments.
29 July 2023
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