company act
This query is : Resolved
28 December 2010
Dear Friends,
Kindly guide me in the following situation.
In a company, all the directors have resigned from the board of the company and promoters have also resigned to be considered as promoters of the company. The previous board have appointed additional directors so the company could function. But the situation is that the additional directors wish to ratify their position in the company and they wish to conduct an EGM for their appointment as directors of the company.
Please guide:
whether the position of the additional directors in such a situation can be ratified by convene an EGM?
Kindly guide me in the following situation.
In a company, all the directors have resigned from the board of the company and promoters have also resigned to be considered as promoters of the company. The previous board have appointed additional directors so the company could function. But the situation is that the additional directors wish to ratify their position in the company and they wish to conduct an EGM for their appointment as directors of the company.
Please guide:
whether the position of the additional directors in such a situation can be ratified by convene an EGM?
29 December 2010
Yes. As per provisions contained in Sedction 255 of the Companies Act, 1956, additional Directors can be regularised in the EGM.
Message likes :
1 times
29 December 2010
Hi..
Agreed with Expert!
As per section 260 of the Companies Act, 1956 Additional Directors hold the office till the next AGM of the Company.
You can regularize the Additional Directors before the AGM by convening an EGM of the Company.
Regards
CS Udit Sharma
Agreed with Expert!
As per section 260 of the Companies Act, 1956 Additional Directors hold the office till the next AGM of the Company.
You can regularize the Additional Directors before the AGM by convening an EGM of the Company.
Regards
CS Udit Sharma
29 December 2010
Agree with experts..
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
- Reopen of assessment proceeding
- Depreciation of fixed assets- coop housing society in mumbai
- TDS on Consultancy- Non DTAA
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Rental income gst and it purpose
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Experts need help
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Reprocessing of rectification order AY 2025-26
- Putting a heading on received mail
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
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
