Retiring director not to re-elect
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 March 2011
A director wants to retire at the Annual General Meeting and does not want to re-elect. A company decides not to fill up his vacancy.
How to draft AGM notice and AGM resolution
How to draft AGM notice and AGM resolution
Jayashree S Iyer
(Expert)
21 March 2011
No need to mention anything in the notice. Simply don't include it in the agenda and no resolution need to be passed in this regard.
Jayashree S Iyer
(Expert)
21 March 2011
The retiring director term expirts on the date of AGM and in the absence of reelection his office will get vacated. Since no new director is appointed in his place, no resolution need to be passed.
Other experts views are invited.
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