Clarification regarding sec 152
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 July 2015
Sec. 152 speaks about retirement of rotation only for public Cos.
In case of a Pvt. Co. which is a wholly owned subsidiary of a Public Co. also needs to retire Directors by rotation or it shall be not applicable to that Co. ?
In case of a Pvt. Co. which is a wholly owned subsidiary of a Public Co. also needs to retire Directors by rotation or it shall be not applicable to that Co. ?
27 July 2015
Yes Provisions of section 152 relating to retirement of directors by rotation is applicable to private company which is Subsidiary of Public company.
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