Candidature deposit requirement for non retiring director nominations: refundable if elected or if candidate secures requisite proportion of valid votes. Non retiring persons may be appointed director if, at least fourteen days before the general meeting, the candidate or a proposing member delivers at the registered office a notice in writing signifying candidature or intention to propose, accompanied by a deposit which is refundable if the candidate is elected or secures the prescribed proportion of valid votes; the company must inform members of such candidatures in the prescribed manner.
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.
Candidature deposit requirement for non retiring director nominations: refundable if elected or if candidate secures requisite proportion of valid votes.
Non retiring persons may be appointed director if, at least fourteen days before the general meeting, the candidate or a proposing member delivers at the registered office a notice in writing signifying candidature or intention to propose, accompanied by a deposit which is refundable if the candidate is elected or secures the prescribed proportion of valid votes; the company must inform members of such candidatures in the prescribed manner.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
