Directors retiring by rotation
This query is : Resolved
25 August 2011
Hello everyone,
Can anyone please elaborate me S.256(1) of The Companies Act, 1956 which says that one-third directors shall retire and if, the number (i.e. 1/3rd) is not three or multiple of three, then "the number nearest to one-third" shall be considered.
Thanks in advance :)
Can anyone please elaborate me S.256(1) of The Companies Act, 1956 which says that one-third directors shall retire and if, the number (i.e. 1/3rd) is not three or multiple of three, then "the number nearest to one-third" shall be considered.
Thanks in advance :)
25 August 2011
total 5 director * 1/3 = 1.67 so it is = 2
15 September 2011
Thank you for answering my query sir :)
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