Question

Out of two third directors liable to retire by rotation one third director retiring are _________ retire first.

• A. those who have senior as per age.
• B. those who have been longest in office.
• C. those who have less experience.
• D. those who not so smart.

Answer 1

The correct option is B those who have been longest in office.

The directors to retire by rotation at every annual general meeting shall be those who have been longest in office since their last appointment, but as between persons who became directors on the same day, those who are to retire shall, in default of and subject to any agreement among themselves, be determined by lot.