Regarding alteration of articles of association
Sathyan Avinash
(Querist) 23 August 2011
This query is : Resolved
Dear sir,
the following is an extract from the articles of association of a public limited company with share capital less than Rs. 5 crores:
9.The first and permanent directors of the Company are:
a)Mr.X
b)Mr.Y
c)Mr.Z
Mr.X is elected as the managing director and will hold office for a period of 5 years.
Now we have received a request from the company to alter the AOA so as to make the Managing director's appointment valid for one year till the first AGM and make him eligible for re-appointment at the first AGM. In this regard we already know that first directors in the AOA cannot be altered, but we need clarification about the subsequent point's alteration relating to MD's appointment.
A quick and accurate reply would help us a lot .
Sathyan Avinash
(Querist) 23 August 2011
Dear sir,
the following is an extract from the articles of association of a public limited company with share capital less than rs.5 crores:
9.The first and permanent directors of the Company are:
a)Mr.X
b)Mr.Y
c)Mr.Z
Mr.X is elected as the managing director and will hold office for a period of 5 years.
Now we have received a request from the company to alter the AOA so as to make the Managing director's appointment valid for one year till the first AGM and make him eligible for re-appointment at the first AGM. In this regard we already know that first directors in the AOA cannot be altered, but we need clarification about the subsequent point's alteration relating to MD's appointment.
A quick and accurate reply would help us a lot .
Sathyan Avinash
(Querist) 24 August 2011
I would like to inform that i am keen on getting my query solved by the experts. Will they do it or not is a matter of their discretion......
I hope they will do it soon as they are experts.
Advocate. Arunagiri
(Expert) 24 August 2011
I have answered in a different url.
Please dont repeat the query. You can post your additional queries in the same url.
Sathyan Avinash
(Querist) 25 August 2011
thanks a lot sir. Hope i get this message right to my client.
