Date of retirment of Additional Director

This query is : Resolved

Shantanu (Querist)
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07 March 2009 Dear All

If a Director is appointed u/s 260 then when will he retire from his office?

Say Date of Appoinment is
1) 20 June 2007

Will it matter if no AGM is held during 2007 & 2008 ?
To put it straight

A Ramaiya says that he should retire on due Date of AGM [ If AGM is not held he can not continue in his office ]

Do you support this view ?

Waiting for your views

CS Vivek Hegde

CS Vivek Hegde (Expert)
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07 March 2009 Dear Shantanu

First of all u should have a AGM every year within 6 months from the close of A/c or 15 months from last AGM whichever is earlier. in case of first AGM its 9 months and 18 months from incorpn respectively.

As far as 260 is concerned AD ceased to be the Director at the next AGM unless confirmed by members.

vivek