A private company has five directors, Can it introduce 2 new directors and take resignation of all existing 5 directors in the same board meeting ?
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Director's appointment and resignation
Replies (6)
Yes, it can be done. First pass resolution for appointment and then for noting resignation.
So we need two separate resolutions or can it be done in a single resolution ?
YES YOU NEED TWO RESOLUTIONS
No...u need two resolutions. First one to be signed by old directors and second one to be signed by new directors.
If all except one of the directors are resigning , then will we still require two resolutions or it can then be done in one resolution?
Whatever may be the case, it is always a good practice to pass separate resolution for appointment or resignation of each director.
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