sec. 265 of the Companies Act,1956.

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 November 2010 Dear All,
As per sec. 265, a Co. may appoint directors as per proportional representation method provided that minimum 2/3rd of total no. of directors should be appointed by this method. My query is that:- What no. directors to be considered for calculating 2/3rd. In other words, should we consider the total no. of existing directors or the total no. of proposed directors for calculating 2/3rd ratio?
Hope for the early reply.
Thanking u all.

amit

amit (Expert)
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14 November 2010 It should be proposed directors.

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