I have 4 directors in my unlisted public company. Out of 4 directors 1 is MD and 1 is the WTD. according to my articles MD and WTD are the non-rotational directors. Then how can i comply with the provisions of section 255. What will be the number of rotational directors in my company. Do i need to appoint more directors for compliance of provisions of section 255 & 256 of companies act and what is penalty for non-compliance.
Thanks in advance