14 November 2011
a pvt. co. want to insert a matter in his AOA that "any new director will be appointed by Mr. X & Mr. Y only and no other directors are allowed the same" and "In every Board Meeting Mr.X & Mr. Y should have been present to form a quoram" that mean he want to give all the powers to a particular Director by the Articles can he do so please reply soon
17 November 2011
No, this is not allowed. You can give whole of the power to any one/two directors but it should fall within four corners of Companies Act.
CAclubindia
