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
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- Applicability
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Offsetting interest income against derivative trading losses
- RCM - commercial rent paid to URP under GST
- TDS NUMBER SURRENDER
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Gst Sales of FY 2023-24
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
