Sections 177, 255, 256 and 263 not to apply in relation to companies not carrying business for profit, etc. https://www.taxtmi.com/acts?id=12592 Section 263A preserves a company's articles-based provision for the election by ballot of all its directors at each annual general meeting where the company does not carry on business for profit or prohibits payment of dividends, by excluding the application of specified procedural sections so they do not affect that articles provision. en-us Thu, 12 May 2011 17:26:50 +0530 Thu, 12 May 2011 17:26:50 +0530 TaxTMI RSS Generator Sections 177, 255, 256 and 263 not to apply in relation to companies not carrying business for profit, etc. https://www.taxtmi.com/acts?id=12592 Section 263A preserves a company's articles-based provision for the election by ballot of all its directors at each annual general meeting where the company does not carry on business for profit or prohibits payment of dividends, by excluding the application of specified procedural sections so they do not affect that articles provision. Act-Rules Companies Law Thu, 12 May 2011 17:26:50 +0530 https://www.taxtmi.com/acts?id=12592