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urgent ----non retational directors

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42 Points Posted on 18 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 Posted on 18 January 2008
Reena your question is not clear.. Please properly interperate it
134 Reply
On 18 January 2008 at 17:01
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Guest
458655 Points Posted on 01 March 2008
1)what is rotational and non rotational directors 2)provision regarding past members to be held liable as contributory under companies act 1956
368 Reply
On 01 March 2008 at 10:34
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Company Secretary & Manager-Legal
216 Points Posted on 07 March 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 Posted on 07 March 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
458655 Points Posted on 08 March 2008
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 Posted on 16 March 2012

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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