Appointment of directors
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 July 2012
X, who is not a shareholder in a company sent a notice to the company, sent a notice to the company of his candidature for the office of director in the place of a retiring director at the ensuring annual general meeting of the company. The same company received another notice from Y, a member, holding only one share signifying his intention to propose the candidate of Z for the office of director in place of retiring director. As a secretary of the company how will you deal with this notice? Can any member present at meeting propose the aforementioned proposals for the consideration at the meeting?
30 July 2012
The Company will entertain the notice of shareholder along with Rs. 500. This will be served as Special Notice.
30 July 2012
Procedure laid down in section 257 of the Companies Act,1956 has to be complied with.
30 July 2012
Hi
Both have right for candidature. You will follow the procedure of section 257, but appoint of two of them will depend on the proposal approved by the members on general meeting. If X is approved by shareholder then he will be elected as director of the company.
Both have right for candidature. You will follow the procedure of section 257, but appoint of two of them will depend on the proposal approved by the members on general meeting. If X is approved by shareholder then he will be elected as director of the company.
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