appointment of directors to be voted individually (Sec. 162 chapter xi)
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The document discusses provisions around the appointment of directors under the Companies Act, 2013. Key points include: 1) Section 162(1) states that directors must be appointed individually by a vote at a company's General Meeting rather than by a single resolution. 2) Section 162(2) notes that any resolution in contravention of 162(1) will be considered void, regardless of whether any objections were raised at the time. 3) Section 162(3) indicates that motions to nominate or approve a person shall be treated as a motion to appoint them as a director.
appointment of directors to be voted individually (Sec. 162 chapter xi)
- 1. Appointment of directors to be voted individually (Section: 162) Companies Act, 2013 Presented By: Shalu Saraf CS Trainee
- 2. ? Sec. 162(1): At the General Meeting of Company, ? Sec. 162(2): contravention of sub-section (1) shall be void, whether or not any objection was taken when it was moved. ? Sec. 162(3): for appointment as a director, Motion for appointment of 2 or more Persons as Directors of the company by single resolution Not moved unless Proposal to move such a motion has first been agreed to at the meeting without any vote being cast against it Motion for approving a person Motion for nominating a person treated as a motion for his appointment or
- 3. Comparison Companies Act, 2013 Companies Act, 1956 Section 162 Section 263 Sec. 162(1):- At the general meeting of Company Sec. 263(1):- At the general meeting of Public company or Private Company which is subsidiary of Public company Sec. 162(2):- contravention of sub- section (1) shall be void, whether or not any objection was taken when it was moved. Sec. 263(2):-A resolution moved in contravention of sub-section ( 1 ) shall be void, whether or not objection was taken at the time to its being so moved: Provided that where a resolution so moved is passed, no provision for the automatic re-appointment of the director retiring by rotation in default of another appointment shall apply.