Election by ballot of directors preserved for non profit or dividend prohibiting companies despite certain procedural sections. Section 263A preserves a company's articles-based provision for the election by ballot of all its directors at each annual general meeting where the company does not carry on business for profit or prohibits payment of dividends, by excluding the application of specified procedural sections so they do not affect that articles provision.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Election by ballot of directors preserved for non profit or dividend prohibiting companies despite certain procedural sections.
Section 263A preserves a company's articles-based provision for the election by ballot of all its directors at each annual general meeting where the company does not carry on business for profit or prohibits payment of dividends, by excluding the application of specified procedural sections so they do not affect that articles provision.
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