New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    Question

    The articles of a company may confer on its Board of

    Directors the power to appoint any person, other than a person who fails to get appointed as a director in a general meeting, as an additional director at any time who shall hold office_____________
    A Up to the date of the next annual general meeting Correct Answer Incorrect Answer
    B Till the last date on which the annual general meeting should have been held Correct Answer Incorrect Answer
    C Either (a) or (b) whichever is earlier Correct Answer Incorrect Answer
    D Either (a) or (b) whichever is later Correct Answer Incorrect Answer
    E At the discretion of the Board of Directors Correct Answer Incorrect Answer

    Solution

    Section 161. Appointment of additional director, alternate director and nominee director: (1) The articles of a company may confer on its Board of Directors the power to appoint any person, other than a person who fails to get appointed as a director in a general meeting, as an additional director at any time who shall hold office up to the date of the next annual general meeting or the last date on which the annual general meeting should have been held, whichever is earlier

    Practice Next