nominee director u/s 161(3)
KAPIL AGRAWAL (1 Points)
11 September 2018
can nominee director be considered as rotational director or not? what is the tenure of nominee director?
1 Replies
Rohit Tibrewal
(Student & Senior Accountant)
(3193 Points)
Replied 12 September 2018
It provides that Subject to the articles of a company, the Board may appoint any person as a director nominated by any institution in pursuance of the provisions of any law for the time being in force or of any agreement or by the Central Government or the State Government by virtue of its shareholding in a Government company.
No not rotational.
Period mentioned at the time of appointment by institution.
No not rotational.
Period mentioned at the time of appointment by institution.
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