Sourav Jain (CMA|CS|CA–Inter|B. Com(H)) (44 Points)
27 June 2016Can all directors be retired by rotation if we follow the default AOA, as per which a MINIMUM of 2/3rd shall retire?
CA Janani
(ACA ACS DISA(ICAI))
(359 Points)
Replied 28 June 2016
MINIMUM REQUIREMENT OF THE ACT IS 2/3RD OF DIRECTORS MUST RETIRE BY ROTATION
IF YOU WANT YOU CAN STATE IN YOUR ARTICLES TAHT ALL THE DIRECTORS ARE LIABLE TO RETIRE BY ROTATION
CAclubindia
