Which Section of Companies Act 2013,describes the provisions regarding 'Additional Directors'?
Which Section of Companies Act 2013,describes the provisions regarding 'Additional Directors'?
The correct option is C Section 161(1)
Section
161(1) – Appointment of additional director
1. The
Board of directors may, if authorized by the articles, appoint additional
directors. Such additional directors may hold office only up to the date of the
annual general meeting.
2. If
the AGM of the company is not held or cannot
be held the person appointed as the additional director vacates his
office on the last day on which AGM should have been held.
3. It
may be noted that a person who fails to get appointed as a additional director in
a general meeting cannot be appointed as the additional director.
4. If
such a person, while he was the additional director of a company, had been
appointed the Managing Director, The
latter appointment (i.e., the managing director) also ceases simultaneously
with the termination of his directorship at the commencement of the annual
general meeting.
Section 161(1) – Appointment of additional director
1. The Board of directors may, if authorized by the articles, appoint additional directors. Such additional directors may hold office only up to the date of the annual general meeting.
2. If the AGM of the company is not held or cannot be held the person appointed as the additional director vacates his office on the last day on which AGM should have been held.
3. It may be noted that a person who fails to get appointed as a additional director in a general meeting cannot be appointed as the additional director.
4. If such a person, while he was the additional director of a company, had been appointed the Managing Director, The latter appointment (i.e., the managing director) also ceases simultaneously with the termination of his directorship at the commencement of the annual general meeting.
