DIRECTORS OF A COMPANY. — SPCC STD 12 Commerce — Question
Gujarat BoardEnglish MediumSTD 12 CommerceSPCCDIRECTORS OF A COMPANY.4 Marks
Question
Write down the provision for the appointment of Alternative Director.
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Answer
Directors are an important part of the company's management.
But for any reason the director is supposed to be out of India for three months or more, instead the director who is appointed is called an "Alternative Director".
An alternative director can be appointed for appointment to someone by passing a resolution in the Regulation or General Meeting of the Company.
According to the company, an alternative director can be appointed instead of an independent director, if eligible to be appointed as an independent director.
The person who has an alternate director's position for another director in the company cannot be appointed.
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