Priya (Professional) (117 Points)
20 January 2021Term of a Whole Time Director expired on Sep 30, 2020. But his reappointment was not taken up in the AGM held in December 2020. Now how to reappoint the Whole Time Director whose term has expired?
Kindly help me with a solution in reference to compliance under Companies Act 2013 and SEBI Compliances to Stock Exchanges.
CA. Sourav Sarkar
(Chartered Accountant )
(24578 Points)
Replied 20 January 2021
Jatin Bajaj
(CS)
(2928 Points)
Replied 23 January 2021
Subject to the provisions of section 196(4) and section 196(5), reappointment of Whole-time Director can be made only at the General Meeting of the Company. Any re-ppointment made with the approval of the shareholders is deemed to be invalid as per the provisions of section 196 of the Companies Act 2013
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