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Home Acts & Rules Companies Law Acts Companies Act, 2013 Chapters List Part III MANAGEMENT OF PRODUCER COMPANY This
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Section 378P - Appointment of directors - Companies Act, 2013

Extract

..... 1[Appointment of directors. 378P. (1) Save as otherwise provided in section 378N, the Members who sign the memorandum and the articles may designate therein the Board of Directors, not less than five, who shall govern the affairs of the Producer Company until the directors are elected in accordance with the provisions of this section. (2) The election of directors shall be conducted within a period of ninety days of the registration of the Producer Company: Provided that in the case of an inter- .....

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Section 378P - Appointment of directors - Companies Act, 2013

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..... the total number of directors or appoint any other person as additional director for such period as the Board may deem fit: Provided that the expert directors shall not have the right to vote in the election of the Chairman but shall be eligible to be elected as Chairman, if so provided by its articles: Provided further that the maximum period, for which the expert director or the additional director holds office, shall not exceed such period as may be specified in the articles.] ************* .....

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Section 378P - Appointment of directors - Companies Act, 2013

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