Director sec 161

93 views 6 replies
Barkha Ltd. has four directors on its Board. A Board meeting was convened
which was attended by only two directors, where Rekha was appointed as an
additional director. Rekha is related to both the directors. Referring to the
provisions of the Companies Act, 2013, examine the validity of the appointment.
Replies (6)
No Rekha cannot be eligible for appointment as additional director as she is related and have network with related parties
Thanks
Sec. 161 is silent on the issue. when husband wife, two bothers can form a company, then where is embargo on appointing Rekha as director who is related party. only concerns come in the picture, when any resolution is being passed where either of the interested director is present.
Your welcome
If it's Private Company.. it's all valid
If it's private company than all are valid.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register