hello!
can a Chairman of a company be apponted as a life Chiraman with a right of casting vote?
please help!
2 Replies
CA Dinesh Shah
(Senior Personnel)
(203 Points)
Replied 04 January 2010
u didn't mwention the nature of compnay Whether Public or Private.As public companies r guided by the provisions of co Acr 1956, the title of life chairmanship r not applicabel now. for pvt companies or closedly held companies, there are no restrictions.
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 04 January 2010
I think there is no restriction regarding life Chairmanship. To understand casting vote power of chairman download the file from the link given below and check page number 10.
Company Law Notes_My Best File
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