If a company has 8 Directors(Including liable to retire by rotation) and the shareholders want to appoint more directors (Another 3) in the ensuing AGM. What is the procedure?
I'm not referring to" Appointment of Additional Directors by BoD and Getting resolution passed in AGM "
Without board concern how can shareholders create or open a new vacancy place in the Board? (In the AGM). The Board of Directors is not cooperating to create an additional 3 directors in the board.
What are the sections?
kindly Please Help
CAclubindia
