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The Companies Act, 1956

Title : The Companies Act, 1956

Year : 1956

Sec263    -    Appointment of directors to be voted onindividually.

    (1) At a general meeting of a public company or of a private company which is a subsidiary of a public company, a motion shall not be made for the appointment of two or more persons as directors of the company by a single resolution, unless a resolution that it shall be so made has first been agreed to by the meeting without any vote being given against it.

    (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.

    (3) For the purposes of this section, a motion for approving a persons appointment, or for nominating a person for appointment, shall be treated as a motion for his appointment.

 

Last updated on May, 2015

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