Retirement of directors by rotation ceases on the AGM due date, so continued tenure after that date is challengeable. Directors liable to retire by rotation cease to hold office when the statutory date for the annual general meeting has passed, even if the meeting is not held; continuing in office pending a belated meeting undermines the sanction for timely annual general meetings and such continuance is open to challenge as invalid under the corresponding Companies Act provisions.
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.
Retirement of directors by rotation ceases on the AGM due date, so continued tenure after that date is challengeable.
Directors liable to retire by rotation cease to hold office when the statutory date for the annual general meeting has passed, even if the meeting is not held; continuing in office pending a belated meeting undermines the sanction for timely annual general meetings and such continuance is open to challenge as invalid under the corresponding Companies Act provisions.
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