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    Can MD & ED can retire by rotation

    Posted By : damini / Published on : 05-Feb-2020 06:43 AM / View : 625 / Comment : 0

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    Dear Sir,
    Can MD and ED whose term is fixed for 5 years can by amending the articles that all directors liable to retire by rotation falls under retirement by rotation category. whose term has 1.5 years to expire.

    What are the consequences if we amend the articles in February prior to one year of expiry of term of ED and MD by adding this provision that all directors retire by rotation. Does it also applied to MD and ED whose original term of 5 years will expire in March 2021.
    Kindly reply.
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