Rotation of Director in private company subsidiary of public
This query is : Resolved
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 ?
Regards
Regards
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 !
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 !
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- EPF ECR NEW RULES Sep 17th 2026
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
