Retire by rotation in public company

    Posted By : Neha / Published on : 07-Sep-2017 02:48 AM / View : 126 / Comment : 1
    Print button
    What is the retire by rotation concept in case of an unlisted public company?
    Read more on :

    • Dear Mam,

       

      The concept of retirement by rotation in unlisted public company is similar to any listed company, i.e. 1/3rd of the total Board of Directors are liable to Retire by rotation every year and they are eligible for re-appointment subject to approval of shareholders.

      The concept basically means every year 1/3 rd of directors will need to go shareholders for their appointment means technically entire Board needs shareholders approval in every 3 years. However, certain set of Directors are excluded from the compulsory retirement every year.

      09-09-2017 / 05:16:21 PM
      Reply



Other Queries from Neha
Founders
Unanswered Queries
Search What's New By Date
What's New on
Like us on Facebook
Follow Us on Twitter
Latest ArticlesSubmit Article

We are always here to help you. Don’t hesitate to contact us anytime!

011-42345111 or ask@compliancecalendar.in