urgent ----non retational directors

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42 Points Joined January 2008

 a public limited company having 4 director can have 3 whole tine directors or not  in terms of sec 255 256 of the company act

who will retire at agm

according to company law at least of 1/3 can be non rotational and out of remaining 2/3 will be retire to retire by rotation in the span of 3 years

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On 18 January 2008 at 14:53 Report
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Finance Controller CA. CS. CFA. CIFRS.
9017 Points Joined October 2007
Reena your question is not clear.. Please properly interperate it
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On 18 January 2008 at 17:01
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Guest
425030 Points Joined August 2012
1)what is rotational and non rotational directors 2)provision regarding past members to be held liable as contributory under companies act 1956
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On 01 March 2008 at 10:34
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Company Secretary & Manager-Legal
216 Points Joined February 2008
As per Sec. 255... maximum permanent/non-rotational directors can be 1/3rd of total nos. of directors. so if total nos of directors are 4...then permanent directors can be only 1.
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On 07 March 2008 at 12:29
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CS
57 Points Joined February 2008
According to the Law, 2/3rd of strength of Directors would be liable to retire by rotation out of which 1/3rd will retire every year. In your case- 3 directors would be liable to retire by rotaion and1 will retire every year
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On 07 March 2008 at 13:05
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Guest
425030 Points Joined August 2012
1/3 rd Directors are related to permanent nature & 2/3rd will be non permanent & retire by rotation. Hope that will be sufficient for yr question
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On 08 March 2008 at 13:38
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Executive
21 Points Joined March 2011

IF THE TOTAL NO OF DIRECTORS ARE 8 THEN WHAT WOULD BE THE NO OF DIRECTORS RETIRE AT AGM?

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On 16 March 2012 at 15:21

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