Directors retiring by rotation

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 November 2012 in a Private Company (subsidiary of public company) there are 4 Directors ( 2 Additional and 2 normal).

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

Querist : Anonymous (Querist)

07 November 2012 ????????????

CS Ankur Srivastava

CS Ankur Srivastava (Expert)
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08 November 2012 In each case 1 director shall retire by rotation.

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

Querist : Anonymous (Querist)

08 November 2012 Thank you for your reply.

but does private company which is subsidiary of public company has to appoint 3 directors ?

CS Ankur Srivastava

CS Ankur Srivastava (Expert)
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08 November 2012 Yes, whose term is to be determined on the basis of rotation. The board must contain atleast 2/3rd rotational director...

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