Rotation of directors
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 July 2012
In a pvt ltd co there are 2 directors and both of them of them are the only shareholders of the Co. One amongst them is a M.D. Is other director liable to retire by rotation?
CS Mitesh Mehta
(Expert)
06 July 2012
In case of a private company which is not a subsidiary of a public company, it is not compulsory under the law that they must have rotational directors unless the Articles of Association of the company so requires (Section 255(2))
Ajay Mishra
(Expert)
06 July 2012
Hi
No need to retire other director, rotational provisions is not apply to private limited company.
No need to retire other director, rotational provisions is not apply to private limited company.
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