Compaines act, 1956 - section 257
sssvkSridharan R.
(Querist) 14 November 2013
This query is : Resolved
Section 257 of the Companies Act, 1956 reads as follow
257. RIGHT OF PERSONS OTHER THAN RETIRING DIRECTORS TO STAND FOR DIRECTORSHIP.
A person who is not a retiring director shall, subject to the provisions of this Act, be eligible for appointment to the office of director at any general meeting, if he or some member intending to propose him has, not less than fourteen days before the meeting, left at the office of the company a notice in writing under his hand signifying his candidature for the office of director or the intention of such member to propose him as· a candidate for that office, as the case may be along with a deposit of five hundred rupees which shall be refunded to such person or, as the case may be, to such member, if the person succeeds in getting elected as a director.
…, if he (=such person) or some member intending to propose him has left at the office of the company a notice…
The above said notice should be left at the office of the company either by such person or some member. No doubt.
…a notice in writing under his (=such person’s) hand signifying his candidature for the office of director or the intention of such member to propose him as a candidate for that office….
Under whose hand should the notice be in writing? Whether under such person’s hand or under such member’s hand? – I can not understand.
