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Chairman of agm interested in resln of his reappointment

Sumit Jaiswal (Company Secretary) (818 Points)

07 November 2014

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.

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CS Mitesh Mehta (Company Secretary) (17139 Points)
Replied 19 November 2014

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.