14 August 2014
IF A PERSON WAS APPOINTED AS ADDITIONAL DIRECTOR U/S 161 OF COMPANIES ACT, 2013 IN THE BOARD MEETING TILL THE CONCLUSION OF ENSUING AGM OF THE COMPANY
CAN HE COMPULSORILY DEPOSIT RS 1.00 LACS TO GET APPOINTED AS REGULAR DIRECTOR U/S 160 OF 2013 IN THE ENSUING AGM OF THE COMPANY
15 August 2014
As per section 160 it is duty of the person to deposit Rs. 1 Lac, who propose a person as regular director. This amount will be refunded once the person elected successfully.
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