banner_ad

Directors retire by rotation

This query is : Resolved 
Profile Image

Profile Image

(Querist)
13 August 2013 Our Company is public limited Company having 6 directors. Out of 6 directors 1 is MD and 2 are WTD. Our AOA provides that MD and WTD are not liable to retire by rotation. So please guide me as per Company Law, How many directors I need to retire this year?
Profile Image

Rajat Poddar

Profile Image

Rajat Poddar (Expert)
13 August 2013 1/3rd of rotational directors shall liable to retire at every AGM , in ur case 1/3rd of 3 is 1 so 1 rotational director shall liable to retire[sec.256(1)]
Profile Image

Shilpa

Profile Image

Shilpa (Querist)
13 August 2013 Thank you Sir. I have one more query. As Act provides that not less than 2/3rd of the total number of directors are subject to retirement by rotation. It means not more than 1/3rd directors should be non-retirable. But in our case 1/2 of total no. of directors are non-retirable. is it proper?
Profile Image

Rajat Poddar

Profile Image

Rajat Poddar (Expert)
13 August 2013 ya according to me its proper..according to me solution provided by me is absolutely correct though u can confirm it from experts...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details