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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
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.
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.
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