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V.S. Datey on Companies Act, 2013
  • What is the status of Ind. director for second term

    by HARISH AGRAWAL on Monday, February 04, 2019 at 03:00 PM

    Company X's Board has recommended for re-appointment of Independent Director for second term . Shareholders meeting is after the expiry of first term. What would be the status of Independent Director before Shareholders Approval. Is Board required to appoint them Additional Director for the interim period ( i.e. between the expiry of term and date of shareholders meeting appointing for second term by passing special resolution).

    Replied byV.S. Datey Tuesday, February 05, 2019 at 06:16 AM

    but they can appoint as normal director also upto next AGM - why additional director? In fact they shoould have completed the process before he retired V S Datey

 
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