Appointment of directors under company act 2013

Din Dayal (Querist) 09 September 2014 This query is : Resolved
Section 160 of CA2013 says that a non retiring director seeking confirmation / appointment needs to file application to company either himself or thru a member with deposit of Rs 1lac.Deposit was only Rs 500 under CA 1956. My queries are-
1)Does enhanced deposit apply to additional director of a public sector company , recommended by the company board , seeking confirmation from ensuing AGM? If not , then why ?
2)Can a public sector company extend a loan to such addl. director for seeking candidature of directorship If yes , then under section of ACT.
KIND REGARDS

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adv.bharat @ PUNE (Expert) 31 December 2016
1)No
2)No
As per company act 2013 the above point to be considered.

Rajendra K Goyal (Expert) 31 December 2016
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