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Regularisation of director

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 April 2012 In my company we had passed board resolutions for the appointment of Additional director cum managing director and he is appointed for a fixed terms of three years.

Now in the ensuing AGM we are passing special resolution for the appointment of Managing director.

But whether I need to pass separate resolution for regularisation under section 257. I am confused because he is appointed for a fixed terms of three years so he is not holding office upto the date of AGM as per under section 260.

Will it be sufficient if I only pass special resolution for appointment of managing director.
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CS Ankur Srivastava

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CS Ankur Srivastava (Expert)
03 April 2012 First of all, for the appointment of MD there is no need to appoint him as an Additional Director. Becuase you are appointing him under section 269.

Secondly, in your case yes you need to regularise him.
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