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Chairman of agm interested in resln of his reappointment

Meetings 1015 views 1 replies

Sumit Jaiswal

Company Secretary

818 Points Joined February 2011

Dear All,

In an annual general meeting, a director was elected as chairman of meeting. One of the agenda in the AGM relates to that person (chairman of AGM) being reappointed as Director. Should that person step aside as chairman for that particular agenda or should he continue? Kindly quote relevant provisions, if any.

Replies (1)

CS Mitesh Mehta

Company Secretary

17139 Points Joined January 2009

As per Secretarial Standard on General Meeting (SS-2)

The Chairman should not propose any Resolution in which he is deemed to be concerned or interested nor should he participate in the discussion or vote on any such Resolution.

If the Chairman is interested in any item of business, he should entrust the conduct of the proceedings in respect of such item to the Vice-Chairman, if there is one, or to any dis-interested Director or to a Member and resume the Chair after that item of business has been transacted. A person who so takes the Chair can exercise his casting vote in the event that a vote on such item of business results in a tie.