Interest of director in agenda items at extraordinary genera

Preeti Gandhi (Company Secretary) (90 Points)

22 June 2011

Can a director who is interested in the agenda item at EGM, may act as a chairman of that EGM

Thanks

Preeti

Reply
Follow
Share

6 Replies

sakshi (CS) (261 Points)
Replied 22 June 2011

He can act as the chairman of the EGM, however as soon as the particular agenda item comes, in which he is interedsted, the EGM shall be chaired by some other member mutually agreed upon by the members present in the EGM.

However wait for the views of the experts.

Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com ) (3460 Points)
Replied 22 June 2011

Sakshi is absolutely correct

CA ADITYA SHARMA (CA IN PRACTICE ) (16719 Points)
Replied 22 June 2011

Originally posted by : sakshi
	He can act as the chairman of the EGM, however as soon as the particular agenda item comes, in which he is interedsted, the EGM shall be chaired by some other member mutually agreed upon by the members present in the EGM. However wait for the views of the experts.

AGREED

Pravin Gupta CS (trainee) (789 Points)
Replied 23 June 2011

he can act as a chairman only in EGM not in Board meeting if he is interested....because EGN is for shareholder not for director and everything is done there is in accordance with shareholder approval.. so not mean of interested director in case of EGM...

Pravin Gupta CS (trainee) (789 Points)
Replied 23 June 2011

Not satisfied with Miss dipti and sakshi... because in GM ..there is no importance of Intereted director... chaiurman only act as Instructotr there nothing more.. he not eligible to vote for any matter in case of shareholder meetting