https://www.taxtmi.com/circulars?id=10830 Amendments purporting to let another company appoint directors to make a company its subsidiary conflict with sections 255(1), 256(1) and 257, which mandate that at least two thirds of directors be subject to retirement by rotation, be appointed by members at the general meeting, and that one third retire at each annual general meeting; section 257 is mandatory and such articles or special resolutions are invalid under section 9. en-us Wed, 28 Aug 1974 00:00:00 +0530 Fri, 17 Jun 2011 12:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10830 Amendments purporting to let another company appoint directors to make a company its subsidiary conflict with sections 255(1), 256(1) and 257, which mandate that at least two thirds of directors be subject to retirement by rotation, be appointed by members at the general meeting, and that one third retire at each annual general meeting; section 257 is mandatory and such articles or special resolutions are invalid under section 9. Circulars Companies Law Wed, 28 Aug 1974 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10830