Sunday, August 7, 2016

Section 162 of Companies Act 2013

Section 162 of Companies Act 2013 :-

Appointment of directors to be voted individually.

1.     At a general meeting of a company, a motion for the appointment of two or more persons as directors of the company by a single resolution shall not be moved unless a proposal to move such a motion has first been agreed to at the meeting without any vote being cast against it.
2.     A resolution moved in contravention of sub-section (1) shall be void, whether or not any objection was taken when it was moved.
3.     A motion for approving a person for appointment, or for nominating a person for appointment as a director, shall be treated as a motion for his appointment.

India's Important Case Laws and Landmark Judgments on Companies Act 2013.

Section 162 Companies Act 1956 has been repealed. 

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