Rotational directors
This query is : Resolved
khushbu pareek
(Querist)
28 January 2015
can anyone plz explain d concept of rotational, retiring directrs which director is excluded for calculation of 1/3 rd directors who r non retiring as per new co.act
CS Mitesh Mehta
(Expert)
28 January 2015
As per section 152(6) of the companies act, 2013 unless article otherwise provide for retirement of all directors, at least two-thirds of the Directors of a public company have to retire by rotation and the term "rotational Director" refers to such Directors who have to retire (and may, subject to the Articles, be eligible for re-appointment) at the end of his or her tenure.
The requirement of retirement by rotation is not applicable to independent directors.
The requirement of retirement by rotation is not applicable to independent directors.
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