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.
SHAKTI JINDAL
(Expert)
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?
SHAKTI JINDAL
(Expert)
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
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- Capital gains in IT returns
- Urd purchase entry in tally prime
- GSTR-9C filing
- IMS (import of goods) ITC related
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
