16 December 2013
There is a Joint Venture between Indian Government Company and a foreign Company. As per the articles of the Company both the Companies have the right their person as directors in the JV. At present one of the JV Partners have replaced their nominated directors. I want to know whether the new director has to be appointed as "Additional Director" or " Nominee Director"? Articles give right to each JV Partner to replace director at " Any Time:. Further there is no mention in articles about appointment of additional director.
16 December 2013
Really, Please again check your article and if not included additional director provisions then insert the same in AOA.
It will not be treated as nominee director however it will be treated as normal director.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
16 December 2013
Articles have mentioned adoption of Table A. So even if articles dont mention about additional director I think Table A will take care of this.