CA Hemang Shah
(PRACTICE)
(658 Points)
Replied 11 May 2011
Max Payne
(employed)
(2569 Points)
Replied 11 May 2011
Dear Somaas,
The Alternate director can hold office for only the balance permissible tenure of original director.
If in any meeting the tenure of original director is expired and he is liable for rotational reappointment as per the AOA, then alternate director shall vacate his office.
Automatic reappointment at adjourned AGM applies only to original director and not to alternate director.
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