Approval requirement for article amendments vs new provisions affects director appointment approval under company law. Approval by the Company Law Board is not required for insertion of a new provision in the articles concerning appointment or re appointment of a managing or whole time director or a director not liable to retire by rotation; Board approval is required only when an existing provision in the articles is amended, while separate statutory approval is required for the first appointment of a managing or whole time director.
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.
Approval requirement for article amendments vs new provisions affects director appointment approval under company law.
Approval by the Company Law Board is not required for insertion of a new provision in the articles concerning appointment or re appointment of a managing or whole time director or a director not liable to retire by rotation; Board approval is required only when an existing provision in the articles is amended, while separate statutory approval is required for the first appointment of a managing or whole time director.
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