Menu
section 161
The BOD of XYZ ltd appointed Mr.A as a director in the casual vacancy caused by resignation of Mr.X. Mr.A is proposed to be re appointed as a director at the AGM ,when he vacates his office. Whether Mr.A can be considered as a 'Retiring director'.
Replies (2)
Answer. No, CV director appointed u/s 161(4) shall not be automatically reappointed after he vactates the office. He cannot be considered as retiring director. His appointment should be made again u/s 152(2) in the general meeting for reappointment.
CV director is not 'Retiring director'??
Recent Topics :
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
- Remittance to italy
- Invoice made but goods not sent
Related Topics :
CAclubindia
