Directors
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 July 2012
dear sir/madam,
there are three board of directors in a company, they want to designate one of the director as a chairman, plz tell me is there any legal process of appointing a director as a chairman.
there are three board of directors in a company, they want to designate one of the director as a chairman, plz tell me is there any legal process of appointing a director as a chairman.
CS Mitesh Mehta
(Expert)
06 July 2012
Genrally Articles of Association of the company lay down the procedure for the election of the chairman. Check the Articles of Association. Else The members personally present at the meeting may elect one of themselves to be the chairman of the meeting if the Company's articles are silent as to the chairman- Section 175 of the Companies Act, 1956.
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