Government approval required for amendments to managing, whole time or non rotational director appointments; disapproval voids changes. Amendments affecting the appointment or re appointment of a managing or whole time director, or a director not liable to retire by rotation, in a public company or a private company that is a subsidiary of a public company require Central Government approval to have effect; any amendment disapproved by the Central Government becomes void to the extent of such disapproval, and the requirement applies whether the provision appears in the memorandum, articles, agreements, or resolutions of the company or its board.
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.
Government approval required for amendments to managing, whole time or non rotational director appointments; disapproval voids changes.
Amendments affecting the appointment or re appointment of a managing or whole time director, or a director not liable to retire by rotation, in a public company or a private company that is a subsidiary of a public company require Central Government approval to have effect; any amendment disapproved by the Central Government becomes void to the extent of such disapproval, and the requirement applies whether the provision appears in the memorandum, articles, agreements, or resolutions of the company or its board.
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