Additional Director term

If an additional director is appointed his term was upto date of AGM or last date on which AGM ought to be held. suppose if last date to hold agm was 31/8/21 but agm was adjourned then what will be the term of additional director. Will he hold office after 31/8/21 or till adjourned AGM?
Replies (5)
Quick Summary
This discussion clarifies the term of an additional director when an Annual General Meeting (AGM) is adjourned. Generally, an additional director's term extends until the date of the AGM or the last date on which it ought to have been held. However, if the AGM is adjourned, the director's term is considered to be until the date of the adjourned AGM, not the original date. This applies to various compliance calculations, including the 15-month gap between AGMs and auditor appointments.

I think the date of vacation in this case would be 31st Aug
If AGM was adjourned then additional director can act for the last date of the adjourned AGM
Agreed
Thank you
Whenever AGM is adjourned, they date of Adjourned meeting will be considered. (except for those resolutions which have already been passed in original AGM Day)

90% case of adjournment is lack of quorum. In this case, all computing compliance will be upto Adjourned AGM date.

Eg :-
Additional Director (as raised in this question)
15 Months Gap calculation from AGM to AGM
5 Years Auditor Appointment Calculation

Infact, even minutes for this AGM will be 2 different. One showing original date & stating all resolutions (if any passed) & in the end a statement that AGM is adjourned.

2nd Minutes will be of Adjourned AGM.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 15 July 2026
CA Articles

Kinjal H Shah & Co.

Mumbai

CA Foundation

View Details
Company
23 July 2026
Senior Accountant

Felicity Adobe LLP

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 11 July 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 14 July 2026
Article Assistants

R Shyam and Associates

New Delhi

CA Final

View Details
Company
23 July 2026
CA Inter

Vikram Jadhav and Company

Pune

CA Inter

View Details
Company
28 July 2026
Senior accountant

RJ Public School

Bengaluru

B.Com

View Details
Company
22 July 2026
Senior Chartered Accountant

SKSS

Patna

CA

View Details
Company
29 July 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Follow