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Sec 257 of director

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(Querist)
10 August 2011 in sec 257 what does mean by words 'a person who is not a retiring director '?
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CMA Ashutosh Kumar Gupta

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CMA Ashutosh Kumar Gupta (Expert)
11 August 2011 ...the meaning by the sentence itself implies that a 'person' meaning thereby an individual (No body corporate, association or Firm ) subject to free from any disqaualifications prescribed under section 274 and further subject to fulfilling the requirements as prescribed under section 264,
'retiring director' means a director retiring by rotation.
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