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Our Board comprises of MD (nominee-non rotational), Chairperson (nominee-non-rotational) and 4 Independent directors (rotational directors)-MD and Chairperson shall not retire by rotation as per the articles and agreement entered into with the investor bank. Now section 149 says independent directors shall not be counted in the total stength for determing the directors liable to retire by rotation. In these circumstances, how will it be possible for me to comply with the requirement of minimum 2/3rd directors shall be liable to retire by rotation

Director

Posted By: Suparna 10 year(s) ago

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


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Pramod Prabhudesai
B D Jokhakar & Co

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