section 152 provides that not less than 2/3rd of directors shall be liable to retire by rotation. Pl advice if a company has 5 directors and therefore 3.33 directors shall be retirable then whether such board should have 3 or 4 retirable directors.
note that rounding off to nearest number related proviso is for determining 1/3rd
Menu
determination on number of directors liable to retire by rotation
Replies (1)
the number of rotational directors comes here 3.33, it will be taken as 4. Further, 1/3rd of rotational directors comes 1(1/3rd of 4, nearest to
1)
1)
Recent Topic
- GPF AND COMMUTED PENSION RECEIVED
- How do I choose the correct trademark class? Can I
- Error in totalling salary amount in AIS
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
- Ltcg savings
- Please share the roc and income tax compliance fo
- Proprietor have 2 business. One is registered unde
Related Topics
CAclubindia
