suppose there are total 12 directors.
as per sec.255 not less than 2/3 should be rotational i.e 8

out of 8 1/3 shuould retire at agmi ie. 3 directors shuld retire.

what is the logic behind this provision. i mean to say that all these directors can again be reappointed.

"If NO RESOLUTION IS PASSED at the adjourned meeting relating to appointment of director and the adjourned meeting does not resolve not to fill the vacany, he shall be automatically reappointed. However, the automatic reappointment shall not apply in the following cases :

1.where a resolution was put & lost

does "resolution was put & lost"
means that "NO RESOLUTION IS PASSED".

I have read section 255 & 256 and there was no mention that following directors shall not be included in calculting total number of directors.

a.alternate director
b.nominee of LIC
c. director appointed by CG

in one of the porblems based on above in Munish bhandari book. these were excluded in computing the total number of directors.

is it important to write all section nos in the law papers

Dear Sir,

Seasons Greetings...

Sir, thank you again for your previous notes.
Actually, i dont have short notes on the following chapters of GCL:
1) Indian Evidence Act
2) Law of Torts
3) Code of Criminal Procedures
4) Code of Civil procedures
5) Interpretation of Statutes
6) Constitution of India

Can u help me with the above notes? My mail id is kalpit.khemka@gmail.com
I will be grateful to you.

Thanking You.

Kalpit Khemka
Surat ( Gujarat)

1.Whether the licensee can put a condition in the agreement for reimbursement for any improvement expenses of permanent nature from licensor?
2.Whether licensee can claim in the agreement the interest for late refund of security amount from licensor?

As per Companies Act and Accounting Standards, what are the restrictions on the use of Revaluation Reserve created out of revaluation of Investments.

What is the procedure to buy shares of Private Limited Company by a Listed Public Limited Company so as to make Pvt. Ltd. its subsidiary?
What are the compliances of Bombay Stock Exchange in this regard.
Do we also have to intimate Registrar of Companies?
Also send me Board Resolution.

Can n e 1 tell me which combination is correct as per supreme court judgemnet's for forming partnership firm
1) HUF+HUF
2) HUF+Firm(already registered)
3) Karta+Karta
4) Compani(pvt or Pub)+ Company (pvt or Pub)
5) Company(pvt or Pub)+ Firm (already registered)
pls repy with relavant sec. n case law if possible.
rep soon its urgrnt

is there any interest on delay deduction?
and if tds is not paid which is deducted in 2008-09 till now how will be the interest calculated(audit of 2008-09 is now going on)