SEC 152 REIRE BY ROTATION
This query is : Resolved
prosenjit dutta
(Querist)
21 August 2023
A PUBLIC LTD CO HAS 1 NON IN DEPENDANT DIRECTOR OUT OF 4 DIRECTORS(3 ARE INDEPENDANT DIRECTORS) WHO IS LIABLE TO RETIRE BY ROTATION .
CAN THE COMPANY NEED TO RETIRE THAT DIRECTOR AS PER SEC 152 .
CAN 1/3 RULE APPLICABLE.
CAN THE COMPANY NEED TO RETIRE THAT DIRECTOR AS PER SEC 152 .
CAN 1/3 RULE APPLICABLE.
21 January 2024
The directors to retire by rotation at every annual general meeting shall be those who have been longest in office since their last appointment, but as between persons who became directors on the same day, those who are to retire shall, in default of and subject to any agreement among themselves, be determined by lot.
https://ca2013.com/152-appointment-of-directors/#:~:text=(d)%20The%20directors%20to%20retire,among%20themselves%2C%20be%20determined%20by
https://ca2013.com/152-appointment-of-directors/#:~:text=(d)%20The%20directors%20to%20retire,among%20themselves%2C%20be%20determined%20by
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