Dear Members
ABC Pvt. Ltd. currently has 2 Independant Directors. During February 2015 the company has to appoint two new directors and the existing directors will resign after the appointment of new directors. AGM of the Company is scheduled to be held in September 2015.
Since the company is going to appoint new directors in a meeting which is not Annual General Meeting, the company shall have to appoint them as Additional Directors.
My question is - Can the company function with just two additional directors since both the independant directors will resign after the appointment of two new additional directors. What is the difference between Additonal Director and Independant Director.
CAclubindia
