Appointment of Director-pvt co

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Appointment of Director-pvt co
Query (Issue) Started By: - sunil jain Dated:- 24-11-2014 Last Reply Date:- 24-12-2014 Corporate Laws / SEBI / LLP
Got 1 Reply
Companies Law
As per section .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 160 of Companies Act, 2013, "a person who is not a retiring director in terms of sec 152 shall......be eligible for appointment.................if a notice in writing.... along with deposit of 1 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... lac" The query is whether this clause of 1 lac would apply for appointment of director in AGM who was earlier appointed as additional director appointed u/s 161 in a pvt. co. Thanks, CA. R.K. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Aggarwal Reply By MARIAPPAN GOVINDARAJAN: The Reply: Dear Sir, According to Section 161(1) the additional director shall hold office up to the date of the next annual general meeting. Section 160 p .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... rovides for the right of persons other than retiring directors to stand for directorship. The additional director is not a retiring director. In my opinion if the additional director wants to stands f .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... or directorship the provisions of Section 160(1) will apply. Regards, M. Govindarajan
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X