S.260 Additional Directors

This query is : Resolved

CS Jignesh Mistry (Querist)
Follow

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.

CA Prashant Gupta

CA Prashant Gupta (Expert)
Follow

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.

Ankur Garg

Ankur Garg (Expert)
Follow

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.

Rasesh

Rasesh (Expert)
Follow

06 February 2010 Agree with expert.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Dhananjay Singh

Hmr Babu

Mikilesh Shah

CA Jyoti Singh

Phani

Subscribe Now

S.260 Additional Directors

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

GST CONSULTANT

Article Assistant

GST CONSULTANCY

Accountant

Manager- Finance and Compliance