Section 263   [ View Judgements ]

Appointment of directors to be voted on individually.

263. Appointment of directors to be voted on individually
(1) At a general meeting of a public company or of a private company which is a subsidiary of a public company, a motion shall not be made for the appointment of two or more persons as directors of the company by a single resolution, unless a resolution that it shall be so made has first been agreed to by the meeting without any vote being given against it.

(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 1[the director retiring by rotation] in default of another appointment shall apply.

(3) For the purposes of this section, a motion for approving a person's appointment, or for nominating a person for appointment, shall be treated as a motion for his appointment.

1. Substituted by Act 65 of 1960, for "retiring directors" (w.e.f. 28-12-1960) 

#LawyerServices #Section #Act #Law #Statute #IndianLaw #Kanoon