Hello all,
What basis is taken for retirement of directors if two director had been appointed on same day?
Hello People,
What basis is taken for retirement of directors if two directors had been appointed on the same day?
Please confirm its right ?
1. Could you please suggest if MD is not liable to retire by rotation? - Yes, as per S. 152(6) of the Companies Act, 2013, unless the articles provide for the retirement of all Directors at every annual general meeting, not less than two-thirds of the total number of Directors of a public company shall be liable to retire by rotation.
2. Also, for calculating 2/3rd of the total directors, 1.33 will be rounded off to 2 or 1? - I would like to recite the above provisions again stretching more on "not less than two-thirds of the total number of directors" - I would suggest you to round it off to 2 complying with the requirements of not less than 2/3rd.
Under Companies Act Provision, A non?retiring director shall be eligible for appointment as director, provided a member nominates him at least 14 days before the meeting and deposits Rs. 1 Lacs (refundable on
successful appointment)
Is Retire by Rotation provision also applicable on Private Company as well ?
Dear all,
Can we have one supplementary LLP agreement for admission of two new designated partners and resignation of the existing two designated partners and file single form 3 & form 4 for the entire amendment or do we need to do the admission and resignation separately ?
Please advise.
Dear Members,
I have a Doubt regarding, creation of LLP Deed Admission cum Retirement - details are :
Two designated partners are doing business and one of the partner willing to retirement and some one like to become a partners on same date for continue in the same firm,
Can we make the LLP deed admission cum retirement on the same date in one deed.
Is this deed valid ?
please explain breiefly.
Dear CC Members,
Do managing director(s) and whole-time director(s) are liable to retire by rotation under the companies Act, 2013?
Kindly share your perspective.
Dear CC Members,
How will MD and WTD having a tenure of 5 years retire by rotation under sec 152(6)?
Please guide.
Dear members ,
In a LLP there are three individual designated partners X, Y & Z.
Y & Z retire as partners & Two Body corporates- A & B Ltd(private cos ) are admitted as partners into LLP . Their nominees P & Q are appointed as designated partners .
The date of event is 18/01/2021. On same day, both retirement & admission happens .
Profit sharing ratio is also getting changed .
Kindly advise & guide on the technical aspect with respect to filing of Form 3 & Form 4 .
What is the depreciation of a retired asset as per Companies Act 2013?
Click here to view / answer Share it onDear 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.
Kindly let me know if anyone is ready to take up an assignment as above and deliver the valuation asap...