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Section 255 of companies act, 1956

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(Querist)
24 September 2012 Dear all the members,

Good Morning

Please tell me no of rotational director in case of Public Limited company when there are five directors.

Thanks
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CS Ankur Srivastava

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CS Ankur Srivastava (Expert)
24 September 2012 In case of 5 director under section 255 at least 2/3 i.e. 3.33 i.e. 4 directors shall be rotational and out of such 4 directors 1/3 i.e. 1 director shall retire at AGM.

Above 3.33 has been taken as 4 because the section provides for atleast which means not less than 3.33 so it has to be more than 3 directors which is 4.
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