06 February 2010
dear experts, as per S.260 additional directors can be appointed by the board who shall hold office upto the date of AGM, now, my question is : 1. can the members have rights to extend the term of additional directors till the next AGM,if yes can i have some circulars in support of this.
06 February 2010
I think u r talking about extension of term next to next AGM. If u don't want to regularise him and continue his additional directorship status then you have to do the following things:
1. File form 32 for vacation an on agm date.
2. Again appoint him as AD and file form 32 for appointment.
On the contrary if u regularise him in the AGM then his status would be a regular dir. and u have to file one form 32 for change in status from AD to regular dir.
CAclubindia
