Powers of chairman
This query is : Resolved
18 March 2012
( If company is to be incorporated) Pvt Ltd co. has 4 directors A (MD),B (Chairman),C, and D having 40%,30%, 30%, 0%
Ques r :
1 whether we can mention in AOA that "Mr. B shll be the chairman of all board meetings.
2 what are the powers of the chairman if all the directors are against him
3 whether we can appoint MD to retire by rotation.
also whether any extra powers can be given to Chairman
Thanks in advance all my respected seniors
Ques r :
1 whether we can mention in AOA that "Mr. B shll be the chairman of all board meetings.
2 what are the powers of the chairman if all the directors are against him
3 whether we can appoint MD to retire by rotation.
also whether any extra powers can be given to Chairman
Thanks in advance all my respected seniors
19 March 2012
1. yes, company can mention in AOA that mr.B is a chairman for all board meetings.
2.if all the directors are against him then articles need to be amended first and remove the chairman elect new one.
3.yes, MD can be appointed as retire by rotation.
4. only extra power chairman has is Casting Vote in case of tie in motion.
2.if all the directors are against him then articles need to be amended first and remove the chairman elect new one.
3.yes, MD can be appointed as retire by rotation.
4. only extra power chairman has is Casting Vote in case of tie in motion.
19 March 2012
Sir I have to save the chairman that he can not expelled by BoD.
is there any means whether by incorporated in AoA or otherwise?
is there any means whether by incorporated in AoA or otherwise?
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