Recent Lessons

Show all results for ""

Rotational Director Appointment Rules in Companies Act

10 Questions

0 Views

Rotational Director Appointment Rules in Companies Act

Choose a study mode

Play Quiz

Study Flashcards

Spaced Repetition

Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

A private limited company that is not a subsidiary of a public company can appoint its directors as?

Only rotational directors
Both rotational and non-rotational directors
Only non-rotational directors if the articles permit (correct)
Only independent directors

What is the minimum percentage of directors in a public company that shall be liable to retirement by rotation?

Three-fourths
All
One-half
Two-thirds (correct)

Which of the following directors is not liable to retire by rotation?

Independent director
Nominee director
Rotational director
All of the above (correct)

How many directors shall retire from office in a company where the number of directors liable to retire by rotation is not a multiple of three?

The number nearest to one-third (D) Signup and view all the answers

Who can appoint a nominee director on the Board of a company?

All of the above (D) Signup and view all the answers

What proportion of directors in a public company must be liable to determination by retirement of directors by rotation?

Not less than two-thirds (A) Signup and view all the answers

How are the remaining directors in a public company appointed?

By the company in general meeting (D) Signup and view all the answers

At which meeting do the first directors retire from office?

At the first annual general meeting held next after the date of the general meeting at which the first directors are appointed (C) Signup and view all the answers

How many directors retire from office at every subsequent annual general meeting?

One-third of the directors (A) Signup and view all the answers

To which type of companies does the provision regarding ‘retirement by rotation’ apply?

Public companies or a private company which is subsidiary of a public company (A) Signup and view all the answers