Indian Bare Acts

The Companies Act, 1956

Title : The Companies Act, 1956

Year : 1956

Sec260    -    Additional directors.

    Nothing in section 255, 258 or 259 shall affect any power conferred on the Board of directors by the articles to appoint additional directors :

      Provided that such additional directors shall hold office only up to the date of the next annual general meeting of the company :

      Provided further that the number of the directors and additional directors together shall not exceed the maximum strength fixed for the Board by the articles.

**Section 261- Redundantafter abolition of the system of Managing Agents by Act 17 of 1969, w.e.f.3rd April, 1970.

Last updated on May, 2015

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