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Additional director

Resolutions 667 views 3 replies

In case of a public company, there were 3 regular directors who appointed 3 more directors as additional directors on 24th Aug 2013. And the 3 regular directors resigned from directorship on 30th Aug, 2013 (wef 5th Sept, 2013.) On 30th aug 2013, notice calling AGM on 30th Sept, 2013 was issued. In the AGM the 3 additional directors were regularized.

 

Is this valid? Can the Board of a public company have only additional directors ? (the additional directors are anyhow regularized in the ensuing general meeting)

Replies (3)

Yes, it is valid. Additional Directors are regularized in the ensuing AGM. So no problem in this.

Agree, the Act only fixes the minimum limit of 3 Directors in the case of Public Limited Company irrespective of their category, so the appointment is valid.

Thanks Sneha and Vaibhav


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