computation of total no. of director u/s 255 & 256

VISHAL KUMAR CHOUDHARY (Querist) 12 December 2010 This query is : Resolved
whether director appointed as nominee by the financial institution like ICICI,etc. and small shareholders director be included in total no. of directors eligible for retirement u/s 256

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Advocate. Arunagiri (Expert) 12 December 2010
Director appointed by ICICI will not retire u/s 256.

B.Chakrapani Warrier (Expert) 13 December 2010
Small Shareholder's Directors need not retire by rotation by virtue of rule 4(6) of the Companies (Appointment of Small Shareholders' Director)Rules,2001.

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