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Board Resolution - Appointment of Director in terms of Section 160 of the Companies Act, 2013

Draft Board Resolution along with Preamble for appointment of director in terms of Section 160 of the Companies Act, 2013 subject further to the approval of shareholders in general meeting.

Chapter: XI

Section: 160

Approximate Time Saving: 30 minutes

Product Information

This document consist of draft Board resolution, to appoint director in terms of Section 160 of the Companies Act, 2013along with Preamble in editable word format making it handy to use and save time and efforts of a professional.

Additional Information

Section 160

A person who is not a retiring director in terms of section 152 shall, subject to the provisions of this Act, be eligible for appointment to the office of a director at any general meeting, if he, or some member intending to propose him as a director, has, not less than fourteen days before the meeting, left at the registered office of the company, a notice in writing under his hand signifying his candidature as a director or, as the case may be, the intention of such member to propose him as a candidate for that office, along with the deposit of one lakh rupees or such higher amount as may be prescribed which shall be refunded to such person or, as the case may be, to the member, if the person proposed gets elected as a director or gets more than twenty-five per cent. of total valid votes cast either on show of hands or on poll on such resolution.


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Appointment of director under section 160