There is an unlisted limited company in which there are five directors. Now I have to appoint three directors, out of them, as wholetime directors. For this, I am appoint 4 more directors as additional directors.
(In nut shell, 3 wholetime directors + 2 directors + 4 additional directors = 9 directors)
I wanted to know the total no. of directors that will be counted for calculating 2/3rd (liable to retire by rotation). WIll this include additional directors also? As additional directors are automatically retired on AGM, how will i show 2/3rd (liable to retire by rotation) and 1/3rd (actually retire by rotation).
Pls help me. Its urgent.
CAclubindia
