retirement by rotation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 November 2010
Dear friends and seniors,
Please guide me on the following issue:
In an unlisted public company in FY 2008-09 there were 3 directors out of them 2 directors retired by rotation and reappointed in the AGM for FY 2008-09. In FY 2009-10 3 additional directors were appointed who will be regularised in this years (i.e. FY 2009-10) AGM.
As per section 256 of the Companies Act, 1956 1/3 of the total strength of the directors in every AGM. Now only 1 director is avilable out of Old directors for Retirement by rotation in this years AGM.
Please guide me on the above case.
Regards,
Nikhil D.
Please guide me on the following issue:
In an unlisted public company in FY 2008-09 there were 3 directors out of them 2 directors retired by rotation and reappointed in the AGM for FY 2008-09. In FY 2009-10 3 additional directors were appointed who will be regularised in this years (i.e. FY 2009-10) AGM.
As per section 256 of the Companies Act, 1956 1/3 of the total strength of the directors in every AGM. Now only 1 director is avilable out of Old directors for Retirement by rotation in this years AGM.
Please guide me on the above case.
Regards,
Nikhil D.
Ramasubbu K
(Expert)
27 November 2010
The one director shall be retire by rotation.
Message likes :
1 times
Ajay Mishra
(Expert)
29 November 2010
Agreed with Sir....
Only one director which are not retire last FY 2008-09 will retire this FY 2009-10.
Regards
Only one director which are not retire last FY 2008-09 will retire this FY 2009-10.
Regards
Message likes :
1 times
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