Whether wholr time director is liable to retire by rotation
Querist : Anonymous
If there is nothing written in terms of appointment and the words written in its article is " one third of such of
the Directors for the time being are to retire by rotation or if their
number in not three or multiple of three, then the number nearest
to one third shall retire from office"
please tell me whether the whole time director is liable to retire by rotation or not......
Following directors, subject to the provisions in this regard in the articles, are not liable to retire by rotation:
1. Nominee Directors
2. Special Director appointed by BIFR
3. Director appointed by CG under section 408, and
4. MD/WTD
Regards
Querist : Anonymous
Thanks for ur help... bt could you please quote the section in which the same is written....
Read explanation of section 269 a WTD is whole time employee, the tenure of his/her will be life time of the company unless he resign the position.
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