One Additional Director has been appointment by a private company as on 01st June, 2017. But due to some reasons AGM has not been held so far for the FY 2016-17. Currently, the number of directors of the company is two alongwith additional director. As per provision the office of additional diector should get vacated as on the last day on which AGM should have been held.
Now my question:
1. Whether company violates the requirement of maintaining minimum two directors as additional director office get vacated as on the last day on which AGM should have been held.
CAclubindia
