Wednesday 21 October 2015

What is process of electing subsequent director

What is process of electing subsequent director

Number of director fixed by the first director
1.    notice of number of director at 45 day before meeting
2.    person interested send his consent for election at 14 days before meeting
3.    Notice (consent) of person interested in director is circulated to share 7 days before meeting.
4.    director is selected by voting
5.    Number of votes number of voting shared x number of director to be selected

6.    person get highest number of votes first director, person getting second highest number of votes is second director, in all director is same manner up to the limit (director is required to be elected).