sec. 265 of the Companies Act,1956.

Querist : Anonymous (Querist) 14 November 2010 This query is : Resolved
Dear All,
As per sec. 265, a Co. may appoint directors as per proportional representation method provided that minimum 2/3rd of total no. of directors should be appointed by this method. My query is that:- What no. directors to be considered for calculating 2/3rd. In other words, should we consider the total no. of existing directors or the total no. of proposed directors for calculating 2/3rd ratio?
Hope for the early reply.
Thanking u all.

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Advocate. Arunagiri (Expert) 14 November 2010
Total directors including the proposed directors should be taken into consideration for the 2/3 ratio.

Kirti Kar Tripathi (Expert) 14 November 2010
agree with Arun.

s.subramanian (Expert) 14 November 2010
yes

Uma parameswaran (Expert) 15 November 2010
Existing with proposed Directors.

Querist : Anonymous (Querist) 16 November 2010
Thank u all for devoting your valuable time for my query. However, if convenient, please give reference to any clarification / notification in this regard. Hoping ur early reply.
Thanking u all.

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