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No of rotational directors.
suppose for a listed company there are 15 directors. How many of them would be rotational directors?
Replies (2)
2/3rd i.e.10 should be rotational and out of these 10 atleast 4 should retire every year.
refer section 152(6).
refer section 152(6).
As per section 152(6), 2/3rd director of total no. of director shall be appointed on Retire by rotation basis and remaining 1/3rd directors on non rotational basis.
And 1/3rd directors out of 2/3rd who is appointed on rotational basis shall retire at every AGM and those who have been longest in office shall retire first.
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