Doubt- small shareholder director

This query is : Resolved

Anonymous (Querist)
Follow

07 May 2017 As per S. 151 of co act 2013 read with rules, On the expiry of the tenure such director shall not be eligible for re-appointment. A small shareholders director shall not for a period of 3 years from the date on which he ceases to hold office as a small shareholdes director in a company , be reappointed in or be associated with such company in any other capacity , either directly or indirectly. Does this mean that a person can never be reappointed as small shareholder a company in which he had already held such position before?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

08 May 2017 Reappointment as 'small share holders director' is impossible. Inference rule 9 of The Companies (Appointment & Qualification of Directors) Rules,2014.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok