Should appointment of directors to be voted individually? What is option to adopt principle of proportional representation for appointment of directors ? Section 162 and 163 of Indian Companies Act 2013

Appointment of directors to be voted individually and Option to adopt principle of proportional representation for appointment of directors  are defined under Section 162 and 163 of Indian Companies Act 2013. Provisions under these sections are:

Section 162 of Indian 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.

Section 163 of Indian Companies Act 2013 "Option to adopt principle of proportional representation for appointment of directors"

Notwithstanding anything contained in this Act, the articles of a company may provide for the appointment of not less than two-thirds of the total number of the directors of a company in accordance with the principle of proportional representation, whether by the single transferable vote or by a system of cumulative voting or otherwise and such appointments may be made once in every three years and casual vacancies of such directors shall be filled as provided in sub-section (4) of section 161.

 

Should appointment of directors to be voted individually? What is option to adopt principle of proportional representation for appointment of directors ? Section 162 and 163 of Indian Companies Act 2013

What are the disqualifications for appointment of director? What is the maximum Number of directorships? Section 164 and 165 of Indian Companies Act 2013

What are the duties of directors? What is vacation of office of director? Section 166 and 167 of Indian Companies Act 2013

Resignation of director and Removal of directors. Section 168 and 169 of Indian Companies Act 2013

Register of directors and key managerial personnel and their shareholding, What is Membersí right to inspect? What is Punishment? Section 170, 171 and 172 of Indian Companies Act 2013

What are the Meetings of Board? What is Quorum for meetings of Board? Section 173 and 174 of Indian Companies Act 2013

What is Passing of resolution by circulation? Defects in appointment of directors not to invalidate actions taken, What is Audit Committee? Section 175, 176 and 177 of Indian Companies Act 2013

What is Nomination and Remuneration Committee and Stakeholders Relationship Committee? Section 178 of Indian Companies Act 2013

What is Powers of Board? What are the Restrictions on powers of Board? Section 179 and 180 of Indian Companies Act 2013

 

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