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    <title>Appointment of directors to be voted on individually.</title>
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    <description>Section 263 mandates individual voting for director appointments in public companies and their private subsidiaries; appointing two or more persons by a single resolution is prohibited unless the meeting first consents without any vote against. Resolutions contravening that rule are void, and if such a resolution is passed the statutory automatic re appointment of the director retiring by rotation will not apply. Motions to approve or to nominate a person are treated as motions for appointment.</description>
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    <pubDate>Thu, 12 May 2011 17:24:19 +0530</pubDate>
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      <title>Appointment of directors to be voted on individually.</title>
      <link>https://www.taxtmi.com/acts?id=12591</link>
      <description>Section 263 mandates individual voting for director appointments in public companies and their private subsidiaries; appointing two or more persons by a single resolution is prohibited unless the meeting first consents without any vote against. Resolutions contravening that rule are void, and if such a resolution is passed the statutory automatic re appointment of the director retiring by rotation will not apply. Motions to approve or to nominate a person are treated as motions for appointment.</description>
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      <pubDate>Thu, 12 May 2011 17:24:19 +0530</pubDate>
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