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Statutory Provisions

Home Acts & Rules Bill Bills COMPANIES BILL, 2011 Chapters List Chapter XI APPOINTMENT AND QUALIFICATIONS OF DIRECTORS This

Clause 162 - Appointment of directors to be voted individually. - COMPANIES BILL, 2011

COMPANIES BILL, 2011
Chapter XI
APPOINTMENT AND QUALIFICATIONS OF DIRECTORS
  • Contents

Appointment of directors to be voted individually.

     162. (1) At a general meeting of a company, a motion for the appointment of two or more persons as directors of the company by a single resolution shall not be moved unless a proposal to move such a motion has first been agreed to at the meeting without any vote being cast against it.

     (2) A resolution moved in contravention of sub-section (1) shall be void, whether or not any objection was taken when it was moved.

     (3) A motion for approving a person for appointment, or for nominating a person for appointment as a director, shall be treated as a motion for his appointment.

 
 
 
 

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