AS PER PROVISIONS OF SECTION 255 OF THE COMPANIES ACT, 1956 THE TOTAL NUMBER OF ROTATIONAL DIRECTORS SHALL BE 2/3RD OF TOTAL STRENGTH OF DIRECTORS. REMAINING 1/3RD OF THE TOTAL STRENGTH OF DIRECTORS CAN BE NON ROTATIONAL DIRECTORS.
NOW THE QUERRY IS:
IF THE TOTAL STRENTH OF THE COMPANY IS 5 DIRECTORS, THE MINIMUM NO. OF ROTATIONAL DIRECTORS SHALL BE 3 DIRECTORS OR 4 DIRECTORS.?
P.S.
THE PROVISIONS CONTAINED IN SECTION 256 PROVIDES THAT 1/3RD OF THE NO. OF ROTATIONAL DIRECTORS SHALL RETIRE AT EACH AGM. IT ALSO PARTICULARLY SPECIFIES THAT IF THE NUMBER IS NOT IN MULTIPLE OF 3 THAN HOW IT SHOULD BE COMPUTED. THERE IS NO SIMILAR METHOD SPECIFIED IN SECTION 255.
statement in lieu of prospectus
Ours is alisted public company.I have to file form 62 Staement in lieu of prospectus.What is the format of the resolution to be passed for this?
general and commercial law
how can i easily understand all the laws of the subject of general and commercial law....give me the shortscuts of each and every topics...
currency chest transaction
What is Currency chest transaction in bank?
paymeny of bill after sight
sir, wud u plz explain this
"if a bill of exchange is payable sum time after sight , it is the required to be accepted either by the drawee himself or by someone else on his behalf,before it can be presented for payment
drawn in sets
what is "drawn in sets"
promissory note can't be drwn in sets but bills of exchange can be drawn in sets
page no 2.6 icai book business law
promissory note
promissory note issued to ourself is void.
suppose, A issued a promissory note to B of rs 10000 ,to be paid after 4 months, after 3 months B purchased something from A & thus return that promissory note to A.
now will this promissory note valid or not
plz see page no 2.3 of businee law book (of icai,bos) last 3 lines
what is biil after sight
what is bill after sight?
how it is different from other bills
Doctrine Of Sufficient Cause
Dear Sir
Plz. tell me about the Doctrine Of Sufficient Cause Under Sec 5 Of Limitation Act , 1963.
- LTCG EXEMPTION AND TAX APPLICABILITY
- ITR 3 VALIDATION
- EPF withdrawal before 5 years and Disclosure in ITR-2
- Brokage income from sale and purchase of property
- Error while validating
- 44AD business and F&O loss
- Clarification on ITR 3: Is Sl. No. 64 required for 44ADA income?
- Investment guidance for NRI
- Professional Resume and Linkedin Writing Service in Malaysia
- How to show P2P lending income (IndiaP2P, Mobikwik Xtra etc.) in ITR-3?
- RCM on repair and maintenance
- Accounting entry for instalment payments and gst obigations
- Purchase of Time Deposit in AIS
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- Stamp Duty & Registration Fees on Sale Deed
- GST on Restaurant service
- Revision under Section 264 in The Income Tax Act, 1961
- TDS under section 195.
- Filing GST Returns after death of proprietor
Trending Online Classes
-
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
CA Nipun Arora03 September 2025 -
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Industry Expert15 September 2025
CAclubindia
ROTATIONAL DIRECTORS