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section 161
The BOD of XYZ ltd appointed Mr.A as a director in the casual vacancy caused by resignation of Mr.X. Mr.A is proposed to be re appointed as a director at the AGM ,when he vacates his office. Whether Mr.A can be considered as a 'Retiring director'.
Replies (2)
Answer. No, CV director appointed u/s 161(4) shall not be automatically reappointed after he vactates the office. He cannot be considered as retiring director. His appointment should be made again u/s 152(2) in the general meeting for reappointment.
CV director is not 'Retiring director'??
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