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.
(b)
a subsidiary of a Government company, referred to in (a) above, in which the entire paid up share capital is held by that Government company vide notification no. G.S.R. 463(E) dated 5th June, 2015 .
Notes, amendments & references (6)
(The exceptions, modifications and adaptations provided above shall be applicable only to those Government Companies which has not committed a default in filing its financial statements under section 137 of the said act or annual return under section 92 of the said act with the registrar, vide notification dated 13th June, 2017)