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What is the Term of office of Additional Director?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 preetham asked over 2 years ago

Hi May I know, What is the Term of office of Additional Director?

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6 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 megha answered about 2 years ago

hello, The Board of directors of a company may, if so authorized by its articles appoint an Additional director to hold office only up to the date of the next annual general meeting of the company. whether the AGM is held or not the AD will retire on the date on which AGM should have been held.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 veeru answered about 2 years ago

Additional Directors: Additional Directors may be appointed by a company under section 161 of the New Act. The article should confer such power on the Board of Directors of the Company. A provision further added in 2013 with regards to such appointment is that the proposed person should not have failed to get appointed as a Director in a General Meeting.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 CA Sandeep Bohra answered over 2 years ago

> Additional Directors -Provisions relating to the Additional Directors are laid down under section 161 of the companies Act. -The articles of a company may confer on its Board of Directors the power to appoint any person as additional directors. -An additional director at any time who shall hold office up to the date of the next annual general meeting or the last date on which the annual general meeting should have been held, whichever is earlier. -The number of the directors and additional directors together shall not exceed the maximum strength fixed for the Board by the articles.

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Picsjoin 2017224123730582 Archana answered over 2 years ago

Hie Preetham, ALTERNATE DIRECTOR (SECTION 313) -------------------------------- - The Board of directors of a company may, if so authorised by its articles or by a reaction passed by the company in general meeting, appoint an alternate director to act for a director during his absence for a period of not less than three months from the State in which meetings of the Board are ordinarily held. - The alternate director merely fills a temporary vacancy in the office of a director which already exists and no new office of director is created by his appointment. Many provisions of this Act do not apply to. the alternate director. - For instance. appointment of an alternate director is not considered as an increase in the strength of the Board of directors. Likewise, alternate directorship held by a person cannot be counted towards maximum number of directorships which a person can hold. An alternate director is not required to hold any qualification shares. However, the alternate director is subject to the same liability and supposed to perform the same duties as any other director. - It is the prerogative of the Board of Directors to appoint an alternate director. The article of the company or a resolution passed by the shareholders must give an enabling power to the Board to appoint an alternate director. Neither the shareholders of the company nor any other person can exercise the power to appoint alternate director. alternate director is not an agent of the original director.

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Open uri20170510 32134 1nqu8aj?1494421649 sowmya answered over 2 years ago

Hai Additional Directors: Additional Directors may be appointed by a company under section 161 of the New Act. The article should confer such power on the Board of Directors of the Company. A provision further added in 2013 with regards to such appointment is that the proposed person should not have failed to get appointed as a Director in a General Meeting. Term of office of the additional directors: a. He holds office upto the date of next AGM b. Here the important point is that use of the upto the date of next AGM not upto the conclusion of next AGM. c. It means whether the AGM is held or not the AD will retire on the date on which AGM should have been held.

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Open uri20170510 32134 1uwcnoc?1494421631 Shubhangi Jain answered over 2 years ago

The Board of directors of a company may, if so authorized by its articles appoint an Additional director to hold office only up to the date of the next annual general meeting of the company. The number of the directors and additional directors together shall not exceed the maximum strength fixed for the Board by the articles.

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