In our public limited company, the first directors were named in the articles itself. Now do we have to reappoint them in the first general meeting conducted. If yes, we have already convened an EGM but we had not appointed them as directors so can we appoint them in the first AGM. I am not getting these sections 255 and 256. Please advice
Menu
First Directors
Replies (7)
Hi Khushboo,
As you are aware that there may be 3 kinds of First Directors:
1. First Directors named in AOA or
2. First Directors appointed by subscribers read with Regulation 64 of Table A or
3. Deemed Directors u/s 254.
In first 2 kinds of First Directors ====they shall vacate their office at the first AGM u/s 256(1).
And First Director mentioned in point 3 ==i.e Deemed Directors u/s 254 shall vacate his office at the GM u/s 255 which held before the first AGM. This GM may be EGM or SGM. There is also a DCA Clarification to that effect.
In view of the discussion above you don't have to worry at all. Your directors can easily be re-appointed in ensuing AGM. This course of action is 100% valid & Legal.
Best Regards
The Directors named in the AOA shall hold office upto the date of First AGM. Yoy can reappoint them in accordance with the provisions of section 255 & 256 in the First AGM
ya i agree with pranav jain,
the directors named in aoa, can be reappointed on the first agm
Will form 32 be filed again for the first directors reappointed in the AGM
Hi,
Assuming that in your case directors are rotational directors and you are re-appointing them u/s 255 & 256.
Then in that no need to file form-32 again.
Hi
There is no need file again form 32 of the director who is re-appointed on the same position.
Regards
Recent Topics :
- Itr form for Salary income, Interest, Dividend And
- Will my TDS be deducted as NRI?
- PENSION ARREAR RECEIVED - EPS 95 SCHEME
- Processing of Form 144 (prev 27Q)
- Capital Gain on sale of Vacant Land- Whether Demol
- Hello dear I want help .
- Category B/D pop up after the file is e verified
- Section 56(2)(x)(xi) applicability to compensation
- How to claim exempt income u/s 10(26) in ITR-1 of
- 63053900 tax rate
Related Topics :
CAclubindia
