Small shareholders director
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 March 2012
appointment of the small shareholders director shall be made either suo moto or upon receipt of notice from the small shareholders. My query is whether permission as per section 259 is required if the limits exceeds the maximum number 12.
09 March 2012
Yes. Please refer rule 8 of The Companies(Appointment of the Small shareholders' Director)Rules,2001.
09 March 2012
Agree with Expert.
Thanks
Mihir Doshi
Thanks
Mihir Doshi
09 March 2012
Yes, Agree with experts!!
E-Form 24 shall be filed for taking approval of CG if the number exceeds beyond 12. AOA, without approval of CG can not provide Directors limit beyond 12.
E-Form 24 shall be filed for taking approval of CG if the number exceeds beyond 12. AOA, without approval of CG can not provide Directors limit beyond 12.
31 March 2012
I agree with the expert and he has correctly guided you. Kindly follow his advise.
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