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.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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09 March 2012 Yes. Please refer rule 8 of The Companies(Appointment of the Small shareholders' Director)Rules,2001.

Mihir Doshi

Mihir Doshi (Expert)
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09 March 2012 Agree with Expert.

Thanks
Mihir Doshi

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Jiten Gupta

Jiten Gupta (Expert)
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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.