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.
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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..
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