Section 255 of companies act, 1956

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CS Subodh Kumar (Querist)
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24 September 2012 Dear all the members,

Good Morning

Please tell me no of rotational director in case of Public Limited company when there are five directors.

Thanks

CS Ankur Srivastava

CS Ankur Srivastava (Expert)
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24 September 2012 In case of 5 director under section 255 at least 2/3 i.e. 3.33 i.e. 4 directors shall be rotational and out of such 4 directors 1/3 i.e. 1 director shall retire at AGM.

Above 3.33 has been taken as 4 because the section provides for atleast which means not less than 3.33 so it has to be more than 3 directors which is 4.