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Re-appointment of rotational director

Others 828 views 4 replies

Ashwin

Information Seeker

155 Points Joined August 2011

Dear All,

I have a query regarding re-appointment of rotational director.

Case: in our company we have 5 Directors of which 4 are rotational directors. say A,B,C,D. now in our last AGM we re-appointed A & B as rotational directors and in this AGM C,D bound to retire but they both have resigned before circulation of Notice of AGM. Now the problem is that to whom we should show as rotational director in the AGM or we don't have any need to retire anybody. How it is to be shown in Notice of AGM.

Regards

Ashwin

Replies (4)

CS Ankur Srivastava

Company Secretary & Compliance Officer

17858 Points Joined November 2008

Anyone of A or B will retire again this year.

Guest

Either A or B, whosoever is longest in office will retire this year.

Aditya Soni

CS Final Student Trainee

727 Points Joined April 2012

Originally posted by : Neha Jain
	Either A or B, whosoever is longest in office will retire this year.

As said by Neha, the director, whose term is lngest will retire this year.

Regards,

Aditya

Sundharesan Jayamoorthi

Practising Company Secretary

4436 Points Joined April 2009

Since there are only THREE directors and out of which TWO directors are eligible for rotation and ONE is a non rotational director, the fractiore is 0.67 rounded of to nearest to one and ONE director retires at the forthcoming AGM