If a public company has provided in it's articles that 9 out of 10 directors shall be rotational and appointed them by naming in it's articles. Then when will they be eligible to retire by rotation. In the first GM or some other AGM [152(6)(c)]
At first AGM held rotational director should retire after their appointment at first GM...If AGM not being held then Rotational director should retire by rotation after the last date on which AGM should have been held.
CAclubindia
