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Appointment of Additional Director is till the date of the Annual General Meeting. His appointment in AGM is subject to the proposal by a shareholder to appoint him as a Director. The proposal has to be accompanied with a sum of Rs. 1.00 Lac. Are there any exemptions available to any Company?

Director

Posted By: Vishal arora 10 year(s) ago

This question has been closed if you want to answer,you have to re-open.


Expert    Ankit Singhi

In our view , his appointment is proposed by the Board of directors and therefore provision of section 160 will not apply

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