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Rotation of directors

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 July 2012 In a pvt ltd co there are 2 directors and both of them of them are the only shareholders of the Co. One amongst them is a M.D. Is other director liable to retire by rotation?
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
06 July 2012 In case of a private company which is not a subsidiary of a public company, it is not compulsory under the law that they must have rotational directors unless the Articles of Association of the company so requires (Section 255(2))
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Ajay Mishra

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Ajay Mishra (Expert)
06 July 2012 Hi

No need to retire other director, rotational provisions is not apply to private limited company.
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