Hey friends
can board of directors appoint a director(not addtional director) without approval of shareholder
1 Replies
MOHIT MAHAJAN
(LCS, ACA)
(2050 Points)
Replied 13 October 2009
hi
BOD can fill a casual vacancy among directors (sec 262) without approval of shareholders. Besides this BOD can also appoint an alternate director (sec 313). Moreover if articles of the company provides, then Non-rotational directors can also be appointed by the board for the term determined in general meeting or as provided in the article.
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