S.260 Additional Directors
This query is : Resolved
CS Jignesh Mistry
(Querist)
06 February 2010
dear experts,
as per S.260 additional directors can be appointed by the board who shall hold office upto the date of AGM, now, my question is :
1. can the members have rights to extend the term of additional directors till the next AGM,if yes can i have some circulars in support of this.
as per S.260 additional directors can be appointed by the board who shall hold office upto the date of AGM, now, my question is :
1. can the members have rights to extend the term of additional directors till the next AGM,if yes can i have some circulars in support of this.
CA Prashant Gupta
(Expert)
06 February 2010
members can appoint him as a director in AGM. So his tennure will be extended.
He will retire by rotation as per rules.
He will retire by rotation as per rules.
Ankur Garg
(Expert)
06 February 2010
I think u r talking about extension of term next to next AGM. If u don't want to regularise him and continue his additional directorship status then you have to do the following things:
1. File form 32 for vacation an on agm date.
2. Again appoint him as AD and file form 32 for appointment.
On the contrary if u regularise him in the AGM then his status would be a regular dir. and u have to file one form 32 for change in status from AD to regular dir.
1. File form 32 for vacation an on agm date.
2. Again appoint him as AD and file form 32 for appointment.
On the contrary if u regularise him in the AGM then his status would be a regular dir. and u have to file one form 32 for change in status from AD to regular dir.
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