20 August 2015
Section 161 of the Companies Act, 2013 states that a Nominee Director shall be appointed by the Board of Directors of the Company, if the AOA permits.
In light of the same, kindly confirm-
1. If such Director (not liable to retire by rotation) may be appointed by resolution passed by circulation by the Board of Directors of the Company;
2. Does the nomination & remuneration require recommending such appointment or not as such person is nominated by the financial institution?
CAclubindia
