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
Ajay Mishra
(Expert)
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.
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