Sample
Template Format for Notes on Number of Directors of a Public Limited Company
(Listed) in India
Note on Directors of RSL
NUMBER OF DIRECTORS:-
(a) As
per the Article 73 of the Articles of Association of RSL, the Company shall
have not less than 5 Directors and not more than 12. Presently, there are only
4 Directors on the Boar, viz.
(i) Shri
Anil Sen, Promoter Director
(ii) Shri
Ajit Agarwal, Independent Director
(iii) Shri
Anwar Shah, Promoter Director
(iv) Shri
Amar Roy, Independent Director.
(b) However,
as per Section 252 of the Companies Act, every Public Ltd Company shall have
atleast 3 Directors.
(c) Since
Articles of Association require 5 Directors, the Company should appoint one
more Director to meet the requirement of Article 73 of the Articles of
Association.
(d) However,
in case the Company does not want to appoint one more Director, Article 73 of
the Articles of Association should be altered and the alteration has to be
approved by the Shareholders of the Company.
The said inclusion of director, if any,
has to be made before 31/03/2014.
Please advice.
For,
Rocket Sales
Ltd.
Neetu Singh
Company
Secretory
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