Whole time director retire by rotation
This query is : Resolved
20 February 2014
I am having a doubt regarding directors retiring by rotation in a public compny. Please let me know, whether the concept of directors retiring by rotation is applicable to whole time Directors or not?
And in a company whether all directors be whole time directors.
And in a company whether all directors be whole time directors.
20 February 2014
There is no restriction in the Companies Act, 1956 for a whole-time director to retire by rotation, subject of course to restriction, if any contained in the AOA. Further, subject to section 255 of the Companies Act, 1956, all directors in the company can be whole-time directors.
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21 February 2014
In my company there are 4 directors and all are whole time directors.
so i need to comply section 255 or not?
so i need to comply section 255 or not?
22 February 2014
Yes, compliance with section 255 is required.
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