Date of retirment of Additional Director
This query is : Resolved
07 March 2009
Dear All
If a Director is appointed u/s 260 then when will he retire from his office?
Say Date of Appoinment is
1) 20 June 2007
Will it matter if no AGM is held during 2007 & 2008 ?
To put it straight
A Ramaiya says that he should retire on due Date of AGM [ If AGM is not held he can not continue in his office ]
Do you support this view ?
Waiting for your views
If a Director is appointed u/s 260 then when will he retire from his office?
Say Date of Appoinment is
1) 20 June 2007
Will it matter if no AGM is held during 2007 & 2008 ?
To put it straight
A Ramaiya says that he should retire on due Date of AGM [ If AGM is not held he can not continue in his office ]
Do you support this view ?
Waiting for your views
CS Vivek Hegde
(Expert)
07 March 2009
Dear Shantanu
First of all u should have a AGM every year within 6 months from the close of A/c or 15 months from last AGM whichever is earlier. in case of first AGM its 9 months and 18 months from incorpn respectively.
As far as 260 is concerned AD ceased to be the Director at the next AGM unless confirmed by members.
vivek
First of all u should have a AGM every year within 6 months from the close of A/c or 15 months from last AGM whichever is earlier. in case of first AGM its 9 months and 18 months from incorpn respectively.
As far as 260 is concerned AD ceased to be the Director at the next AGM unless confirmed by members.
vivek
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