Whole time director retire by rotation
This query is : Resolved
20 February 2014
I am having a doubt regarding directors retiring by rotation in a public compny. Please let me know, whether the concept of directors retiring by rotation is applicable to whole time Directors or not?
And in a company whether all directors be whole time directors.
And in a company whether all directors be whole time directors.
20 February 2014
There is no restriction in the Companies Act, 1956 for a whole-time director to retire by rotation, subject of course to restriction, if any contained in the AOA. Further, subject to section 255 of the Companies Act, 1956, all directors in the company can be whole-time directors.
Message likes :
1 times
21 February 2014
In my company there are 4 directors and all are whole time directors.
so i need to comply section 255 or not?
so i need to comply section 255 or not?
22 February 2014
Yes, compliance with section 255 is required.
Message likes :
1 times
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
- Tax on Deemed Capital Gain
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- Regarding ITR filing with more value than showing in AIS/TIS
- F & O PROFIT REPORTING FOR AY 2026-27
- Rental income of jointly held property
- LIABILITY ADJUSTMENT
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- Banking Related Issue
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- 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
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
