NON EXECUTIVE DIRECTOR
This query is : Resolved
25 March 2009
CAN WE APPOINT ALL DIRECTORS AS NON EXECUTIVE IF YES THEN HOW THE QUORUM WILL BE FORMED
CS Mukesh Arora
(Expert)
26 March 2009
For the purpose of Quorum, no distinction is made between the executive or non-executive director.
However, it is worth mentioning that a Company having a paid up capital 5 crores or more than, must have either a Managing Director or manager u/s 269
However, it is worth mentioning that a Company having a paid up capital 5 crores or more than, must have either a Managing Director or manager u/s 269
CS Mukesh Arora
(Expert)
26 March 2009
For the purpose of Quorum, no distinction is made between the executive or non-executive director.
However, it is worth mentioning that a Company having a paid up capital 5 crores or more than, must have either a Managing Director or manager u/s 269
However, it is worth mentioning that a Company having a paid up capital 5 crores or more than, must have either a Managing Director or manager u/s 269
CS Mukesh Arora
(Expert)
26 March 2009
For the purpose of Quorum, no distinction is made between the executive or non-executive director.
However, it is worth mentioning that a Company having a paid up capital 5 crores or more than, must have either a Managing Director or manager u/s 269
However, it is worth mentioning that a Company having a paid up capital 5 crores or more than, must have either a Managing Director or manager u/s 269
26 March 2009
IT IS GOOD TO APPOINT ALL DIRECTORS AS NON EXECUTIVE
CS Mukesh Arora
(Expert)
26 March 2009
May not be good, since the day today working will be controlled by the employees. While shareholder have direct control over BOD thorugh general meetings.
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