logic or section 255 & 256
This query is : Resolved
CA Abhishek Singh
(Querist)
12 December 2010
suppose there are total 12 directors.
as per sec.255 not less than 2/3 should be rotational i.e 8
out of 8 1/3 shuould retire at agmi ie. 3 directors shuld retire.
what is the logic behind this provision. i mean to say that all these directors can again be reappointed.
as per sec.255 not less than 2/3 should be rotational i.e 8
out of 8 1/3 shuould retire at agmi ie. 3 directors shuld retire.
what is the logic behind this provision. i mean to say that all these directors can again be reappointed.
12 December 2010
Inference is to check the eligibilty conditions of director's once in an year and all put together in a period of three years.
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