hello all ..
quite interesting one, The thing is all as said by ankur sir > interpretation > intention of law and last but not the least corporate practice. decision should be blend and should react positively to all these three..
Sunil , to your initial question ; As per my knowledge and interpretations :
1. DIRECTOR : As regards a PVT company, no doubts , BOD can appoint him. Point to my interpretation is section 255(2) it says " .... the directors generally in the case of pvt co not sub of pub co ... SUBJECT TO REGULATIONS IN THE ARTICLES OF THE COMPANY, be appointed in GM . So my interpretation is if UR ARTICLE GIVES THE POWER TO BOD TO APPOINT DIRECTORS , THEY CAN.... THIS IS A TOTAL CASE OF PVT CO. and this is what in practice as well..
now, as regards PUBLIC co, Directors can be appointed in GM only as per the above section 255. However , BOD can take in Additional Director upto next AGM (its stated as AGM in 260). So BOD of Public co can take in Addtional Directors but not DIRECTORS.
2. I Agree to the point stated by ankur sir that, Additional Directors can be regularised in forthcoming EGM itself. quite possible. Act says AD can go upto AGM so he can leave before AGM and get in as Director In an EGM. But still i would like to ask , WHY ? WHATS WRONG IF HE GOES LIKE additional Director till AGM . I mean any difference in the powers of Additional and Normal Directors.
its all my opinion,If am wrong anywhere in the above stated , Please correct me..