Retirement by rotation
This query is : Resolved
Sonakshi Bhargava
(Querist)
12 August 2013
If in a Company all the Directors are Whole Time Directors then what about Retirement by rotation and there is also a clause in AOA that WTD shall not be liable to retire by rotation?
Please reply immediately,,,,,,urgent
Please reply immediately,,,,,,urgent
Ajay Mishra
(Expert)
12 August 2013
Hi
Then you are not comply the provision of section 255 and 256. It will be treated as non compliance.
Then you are not comply the provision of section 255 and 256. It will be treated as non compliance.
Sonakshi Bhargava
(Querist)
12 August 2013
What is the remedy to avoid this non compliance?
Ajay Mishra
(Expert)
12 August 2013
Hi
You change the position of director or appoint some other directors in the Board to comply the provisions of such sections.
You change the position of director or appoint some other directors in the Board to comply the provisions of such sections.
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