Q & A

1299 Views 1 Ans

A Public Limited unlisted company has appointed Managing Director, Joint Managing Director (WTD) & Executive Director (WTD). The Managing Director, Joint Managing Director (WTD) & Executive Director (WTD) may be retired by rotation or not as per the Companies Act, 2013. Please clarify.

Director

Posted By: Sunil kumar agrawal 9 year(s) ago

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

RAMAMURTHY

The answer to the question would depend on the total strength of the board and whether these three constitute 1/3rd or more than 1/3rd of the total strength. If your strength is 9 and these directors constitute 1/3rd, then these people need not retire, assuming that all the others are in the retiring category. The Board should pass resolution for keeping these directors in the non retiring category.

Comment
Comment (0)

Recently Active Member

Pramod Prabhudesai
B D Jokhakar & Co

Post Your Question

My Q&A

Experts

Ankit Singhi

Deepti Vohra

Popular Tags

DEPOSITS

DISCLOSURES IN MBP-1

Consolidation of accounts

AGM

Preferential basis allotment of shares

PRIVATE PLACEMENT

Amendment of Articles of Association

CLOSURE

Consolidation of Financial Statements and filing to ROC

CSR

View All

Topic

Implementation of new law

View All

Sections

Section 185- Loan to directors, etc.

Section 161- Appointment of additional director, alternate director and nominee director.

Section 205- Functions of the Company Secretary.

Section 3- Formation of company.

Section 173- Meetings of Board.

View All

About Q&A

Q & A is a unique platform to get your answers. You can create questions by topics or sections for easy identification of your query . You get various alerts to keep you connected and can also search your query.

So keep posting and stay connected

Companies Act 2013/1956

Decoding the New Act

Resource Center

My Section

Information Cafe

Calculators

Connect with us on facebook

Connect with us on Linkedin

Follow on Twitter

Payment Options Available

COPYRIGHT NOTICE: All information and material posted in this website (including but not limited to text, audio, video or graphical images), are subject to copyrights owned by Corporate Professionals eSolutions Private Limited, its affiliates and associates. Any reproduction, retransmission, republication, or other use of all or part of this document is expressly prohibited, unless prior permission has been granted by Corporate Professionals eSolutions Private Limited. All other rights reserved.

Scroll