Section 255
This query is : Resolved
26 July 2013
Dear Sir,
i have one practical query that. in a company there were 9 directors, so the directors retiring by rotation is 6 directors and non-retiring directors are 3.
now my query is that if two retiring directors resign from there job.
what will be the ratio of retiring directors
and non retiring directors.?
thank you
i have one practical query that. in a company there were 9 directors, so the directors retiring by rotation is 6 directors and non-retiring directors are 3.
now my query is that if two retiring directors resign from there job.
what will be the ratio of retiring directors
and non retiring directors.?
thank you
26 July 2013
Hi
One third out of 4 retiring directors will resign.
As per this only one director will resign in upcoming AGM, because only 1/3 is less than two directors .
Fraction if any, may be corrected to the nearest whole number for working out one-third. It is advisable to round off any fraction as one, irrespective of whether the fraction is half or less than half.
One third out of 4 retiring directors will resign.
As per this only one director will resign in upcoming AGM, because only 1/3 is less than two directors .
Fraction if any, may be corrected to the nearest whole number for working out one-third. It is advisable to round off any fraction as one, irrespective of whether the fraction is half or less than half.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Gift of mutual fund units to daughter
- Under construction property in ITR
- Building tax payment deduction in rental Income
- Upload Level ValidationITR3Category of Defect B/D
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Not able to file ITR
- Reporting of STCG on Property in ITR
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
