Additional Directors

CS Ekta (Company Secretary) (309 Points)

26 July 2010  

Hi Friends,

In case of a private company which is a subsidiary of a public company,  the additional directors are appointed and all the existing directors have resigned. 

Do we need to regularise the additional directors before the AGM to comply with section 256? 

Besides, do the Additional Directors ceases to hold office at the commencement of the AGM?  If yes, how business will be transacted at the AGM?