Director appointment & resignation
This query is : Resolved
neha bajoria
(Querist)
03 November 2012
Dear Sir,
I have a query relating to change of management and subsequent appointment and regularisation of directors. The management changed on 25/9/2012 and on same date directors were resigned and new directors were appointed as additional directors. Further on the same datei.e. 25/9/2012 EGM was held on shorter notice for regularisation of director.
My query is this a correct procedure or section 257 will be applicable and at least 7 days notice be required?
I have a query relating to change of management and subsequent appointment and regularisation of directors. The management changed on 25/9/2012 and on same date directors were resigned and new directors were appointed as additional directors. Further on the same datei.e. 25/9/2012 EGM was held on shorter notice for regularisation of director.
My query is this a correct procedure or section 257 will be applicable and at least 7 days notice be required?
Ajay Mishra
(Expert)
03 November 2012
Hi
Section 257 says after you receiving the intention of membere or individual to appoint director, either you serve 7 days notice or newspaper publication.
In your case, if you regularise the additional director on the same day it means you are not complying the provision of this section.
Section 257 says after you receiving the intention of membere or individual to appoint director, either you serve 7 days notice or newspaper publication.
In your case, if you regularise the additional director on the same day it means you are not complying the provision of this section.
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- GSTR9 Annual Return
- Employee secondment
- Ito add credit side of bank
- Applicability of tax on invoice
- Rectification under processing even after 6 months cpc portal
- Form 144 TDS Return Validation error
- GST ITC as per notification 12/2023- central tax
- Import of Capital Machine
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- 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
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
