Professional Documents
Culture Documents
Appointment and Removal of Director
Appointment and Removal of Director
Appointment of director
Any individual competent to contract and who
is not disqualified under sec.274 and who holds necessary qualification shares,if any may be appointed as directore of company. Directore may be appointed in following way
First directore Appointement at general meeting Appointement of directors by board
First director
The first name mention in article of association.
directors of public company must be appointed by company. 2/3 of directors shall be those who shall retired by rotation such director are called rotation directors.
office only upro the end of the next annual general meeting. Casual director: if director falls vacant for some reason before his expire. Alternate director:director appointed during absence of director for more than three months.
Appointed of directors by
Removal of directors
By expire of his period---Section 408 of company
act 1950.