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In case of any default of any agreement among directors, what basis are taken for retirement of directors by rotation, if two directors of the company had been appointed on same day:
Director to be liable to retire by rotation will be determined by BODs of company
Director to be liable to retire by rotation will be determined by SEBI.
Director to be liable to retire by rotation will be determined by drawing of lot
As per their length of experience
None of the above
As per the provisions of Companies Act, 2013, the directors to retire by rotation at every AGM shall be those who have been longest in office since their last appointment , but as between persons who became directors on the same day, those who are to retire shall, in default of and subject to any agreement among themselves, be determined by lot.
By: Vikas Goyal ProfileResourcesReport error
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