10 Questions
What are the conditions for appointing an alternate director in a company?
The alternate director must not hold an alternate directorship for another director in the company or directorship in the same company. An alternate director's tenure cannot exceed that of the original director.
Under what circumstances can the Board appoint an alternate director for a director?
The Board can appoint an alternate director for a director who is absent from India for at least three months.
What is the tenure of an alternate director in comparison to the original director?
An alternate director's tenure cannot exceed that of the original director.
When can additional directors be appointed by the Board of Directors?
Additional directors can be appointed by the Board of Directors as empowered by the company's articles, excluding those who failed to get appointed in a general meeting.
How long do additional directors serve in their position?
Additional directors serve until the next annual general meeting or the date by which the annual general meeting should have been held.
What kind of director appointments do not require a deposit?
The appointment of an independent director or a director recommended by the Nomination and Remuneration Committee or the Board of Directors does not require a deposit.
How should a company inform its members about a person's candidature for the director's office?
The company must inform its members about the candidature of a person for the director's office as per the prescribed manner.
What provision applies if an original director's term ends before returning to India?
If the original director's term ends before returning to India, any automatic re-appointment provision applies to the original, not the alternate director.
What role do Nomination and Remuneration Committees play in director appointments?
Nomination and Remuneration Committees may recommend directors for appointment.
Who has the authority to appoint nominee directors in a company?
Nominee directors can be appointed by institutions or the government.
Learn about the rules regarding the appointment of additional directors, alternate directors, and nominee directors in a company, including exceptions to the deposit requirement. Understand the process of informing members about a person's candidature for the director's office.
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