Rotation of Director in private company subsidiary of public
This query is : Resolved
02 May 2011
A private company wholly owned subsidiary of a Public Company has 2 directors. How the retirement by rotation will take place in the up coming AGM ?
Regards
Regards
Guest
Guest
(Expert)
09 May 2011
Well ! Your Question carries segment of solution.
When a company is a subsidiary of public company, all conditions that are applicable to public company, is also applicable for private. And a Company being a Subsidiary of Public, Should have at least three directors on Board.
If it all, if the company has only two directors, then also two directors are eligible to re-appointment !
When a company is a subsidiary of public company, all conditions that are applicable to public company, is also applicable for private. And a Company being a Subsidiary of Public, Should have at least three directors on Board.
If it all, if the company has only two directors, then also two directors are eligible to re-appointment !
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