Hello Frndz;
i want to know that in Sec.256 for filling of VACANCIES of directors, if a director is not appointed at the adjourned meeting then he shall be deemed to be reappointed,
But, however an exception has been put, which is beyond my understanding that :
he shaal not be deemed to be reappointed,
256 (4) (b) (iv) a resolution, whether special or ordinary, is required for his appointment or re-appointment in virtue of any provisions of I this Act; or
what does it mean resolution is generally reqd to appoint the director so what is relevance of this exception as in such case ???????
CAclubindia
