Directors
This query is : Resolved
12 October 2011
Are the directors appointed by proportion representation u/s 265 counted in 'Total No. of Directors' for the purpose of sec 255/256 or they are exempted from total no of directors?
Please reply....
Please reply....
12 October 2011
Sec 265 overrides entire Companies Act (including Sec255 & 256)
Message likes :
1 times
12 October 2011
Sec 265 says that minimum 2/3rd of the directors shall be appointed by proportional representation. So, what happens to the remaining 1/3rd of the directors. Are the provisions of Sec 255/256 applicable to the remaining directors or they will also be the non-rotational directors?
12 October 2011
Sec 265 says that minimum 2/3rd of the directors shall be appointed by proportional representation. So, what happens to the remaining 1/3rd of the directors. Are the provisions of Sec 255/256 applicable to the remaining directors or they will also be the non-rotational directors?
12 October 2011
sec 255/256 cannot be applied bcoz there must be at least 2/3rd of TOTAL NUMBER OF DIRECTORS who should be rotational
That's what I think
That's what I think
12 October 2011
Sumit is correct that Sec 265 overrides all other section but it is nowhere mentioned that they are exempted.....they are counted for the purpose of total no. of director and then only you can decide how much of 2/3rd will be directors by proportional representation....hence yes they are counted to determine the total no. of directors....
Message likes :
1 times
12 October 2011
@Priyanka- understood. But does that mean the remaining 1/3 rd of the director shall be non- rotational and they cannot be removed before expiry of their term otherwise by sec 283 and 284?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- Confusion around Form 26QB fields
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
Trending Online Classes
CAclubindia
