CS Sagar Khandelwal (Practice) (87 Points)
03 May 2011Hi Experts,
Can a Nominee Director (Nominee of the JV partners) be appointed in the AGM as a Nominee Director or it has to be appointed as regular director?
Regards,
Sagar RK
SANTOSH SHAH
(Company Secretary)
(754 Points)
Replied 04 May 2011
| Originally posted by : CS Sagar Khandelwal | ||
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Hi Experts, Can a Nominee Director (Nominee of the JV partners) be appointed in the AGM as a Nominee Director or it has to be appointed as regular director? Regards, Sagar RK |
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Hi Sagar
In my view, i dont think nominee directors require appointment in AGM.
Even if such Joint ventures when formed, does not require shareholders approval.
Its upto Board to appoint such director as nominee on board.
Other contrary views welcome.
regards
Santosh Shah
nidhigoel89
(Company Secretary )
(594 Points)
Replied 05 May 2011
Hello,
Me 2 is of the same view. Nominee director is appint for some special purpose hold by both the parties. So, i dont think that he can be appointed only in GM. He can easliy be appoint in BM by consent of Board.
Regards
Nidhi
CAclubindia
