Rotation of Director in private company subsidiary of public

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Sneha (Querist)
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02 May 2011 A private company wholly owned subsidiary of a Public Company has 2 directors. How the retirement by rotation will take place in the up coming AGM ?

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Guest

Guest (Expert)

09 May 2011 Well ! Your Question carries segment of solution.

When a company is a subsidiary of public company, all conditions that are applicable to public company, is also applicable for private. And a Company being a Subsidiary of Public, Should have at least three directors on Board.

If it all, if the company has only two directors, then also two directors are eligible to re-appointment !

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