Appointment of wtd with retrospective effect.

ars (CS) (445 Points)

01 December 2012  

The current tenure of the WTD  expires on 31.03.2013

Next AGM is slated in second half of 2013.

The board is expected to re-appoint the WTD for a fresh term, beginning from .1.04.2013, in January 2013.

But the AGM resolution will not be passed before the effective date i.e. will be passed after the 01.04.2013.

Hence, the WTD will be effectively a mere director till the members re appointe him as a WTD. i.e. from 1.4.2013 till his appointment by members in their general meeting.

Can this be done? Or his re appointment by the members in general meeting is a MUST before 01.04.2013?