Easy Office
LCI Learning

directors retiring by rotation

This query is : Resolved 

30 May 2009 There ae 9 directors in total as follows:
1. One MD
2. One JMD
3. 2 Whole time DIrector
4. 5 other directors

How many are liable to retire by rotation and how many will actually retire at AGM

Whether MD, JMD,Whole time Director taken in calculating 2/3

02 June 2009 total 2/3 are liable i.e. 6 (9*2/3)directors out of which 1/3 will actually retire i.e. 2(6*1/3).


In case of MD, WTD it depends on terms of appointment and articles whether they are liable to be reire by rotation.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query