appointment of directors to be voted individually (Sec. 162 chapter xi)
1. Appointment of
directors
to be voted individually
(Section: 162)
Companies Act, 2013
Presented By: Shalu Saraf
CS Trainee
2. • Sec. 162(1): At the General Meeting of Company,
• Sec. 162(2): contravention of sub-section (1) shall be
void, whether or not any objection was taken when it
was moved.
• Sec. 162(3): for appointment as a director,
Motion for appointment
of 2 or more Persons as
Directors of the company
by single resolution
Not moved
unless
Proposal to move such a
motion has first been
agreed to at the meeting
without any vote
being cast against it
Motion for
approving a
person
Motion for
nominating
a person
treated as a
motion for his
appointment
or
3. Comparison
Companies Act, 2013 Companies Act, 1956
Section 162 Section 263
Sec. 162(1):- At the general
meeting of Company
Sec. 263(1):- At the general meeting of
Public company or Private Company
which is subsidiary of Public company
Sec. 162(2):- contravention of sub-
section (1) shall be void, whether
or not any objection was taken
when it was moved.
Sec. 263(2):-A resolution moved in
contravention of sub-section ( 1 ) shall
be void, whether or not objection was
taken at the time to its being so
moved:
Provided that where a resolution
so moved is passed, no provision for
the automatic re-appointment of the
director retiring by rotation in default
of another appointment shall apply.