Query regarding retire by rotation


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Querist : Anonymous

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Querist : Anonymous (Querist)
26 September 2014 Dear Sir/madam,
is whole time director liable to retire by roatation.

26 September 2014 Yes.

Unless the articles provide for the retirement of all directors at every annual
general meeting, not less than two-thirds of the total number of directors of a public company shall be persons whose period of office is liable to determination by retirement of directors by rotation -Section 152(6) of the Companies Act, 2013

27 September 2014 Agree with expert.

You can appoint a WTD as rotational Director as there is no restriction in Law. Rest is dependent on the structure of your board as explained by the expert above.

Revert if there is any doubt.


Thanks

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 September 2014 thank to both of sir for giving me your valuable expert advise


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