Directors retiring by rotation
Querist : Anonymous
how many will be the Directors retiring by rotation?
Also, in in a Private Company (subsidiary of public company) there are 2 Directors both are First Directors not liable to retire as per AOA.
What will be the supposal in the given case.
Regards,
Querist : Anonymous
In second case the constitution of the Board is not as per section 255. There must be atleast 3 directors whose office of director shall be decided on the basis of rotation.
Querist : Anonymous
but does private company which is subsidiary of public company has to appoint 3 directors ?
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