I want to know that change in board of directors or management of public ltd company. is it required resolution. If it is reqd. which of type of resolution is required. please give resolution format for the same.
17 September 2013
RE-CONSTITUTION OF AUDIT COMMITTEE
The Chairperson informed the members of the Board that due to the resignation of Mr. RK as a member of Board, it was proposed to appoint new members in Audit Committee to fill the vacancy caused by the resignation of Mr. RK as a member of the Committee. The Board discussed the matter and thereafter passed the following resolution unanimously:
“RESOLVED THAT pursuant to section 292A of the Companies Act read with Clause 49 of the Listing Agreement, Ms. R, Independent Non- Executive Director on the Board of Directors of the Company be and is hereby appointed as member of the Audit Committee with effect from May 30, 2010.
RESOLVED FURTHER THAT the re-constituted Audit Committee shall have the following form:-
CAclubindia
