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Rotational directors

29 August 2017

If a public company has provided in it's articles that 9 out of 10 directors shall be rotational and appointed them by naming in it's articles. Then when will they be eligible to retire by rotation. In the first GM or some other AGM [152(6)(c)]

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9 Replies

Yatin Gupta (2 Points)
Replied 29 August 2017

in first GM

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Aman Bisht (88 Points)
Replied 29 August 2017

But in 152(6)(c) it is written that retirement shall be at first AGM of a company held after the GM at which first directors are appointed

Sudhir Todkar (CS Professional) (1021 Points)
Replied 29 August 2017

At AGM itself.

If no AGM is held then the retire by rotation Directors should vacate office on the last date on which AGM should have been held.

Aman Bisht (88 Points)
Replied 29 August 2017

which AGM the first one or the second?

sumit (kumar) (171 Points)
Replied 29 August 2017

aman rotation dir are not appointed by AOA
they are appointed in GM

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sujeet9991 (dot) (37 Points)
Replied 29 August 2017

At first AGM held rotational director should retire after their appointment at first GM...If AGM not being held then Rotational director should retire by rotation after the last date on which AGM should have been held.