Section 162 of the Companies Act, 2013: Appointment of directors to be voted individually

The Companies Act, 2013

Chapter-XI Appointment and Qualifications of Directors

Section 162: Appointment of directors to be voted individually.

*162. (1) At a general meeting of a company, a motion for the appointment of two or more persons as directors of the company by a single resolution shall not be moved unless a proposal to move such a motion has first been agreed to at the meeting without any vote being cast against it.

(2) A resolution moved in contravention of sub-section (1) shall be void, whether or not any objection was taken when it was moved.

(3) A motion for approving a person for appointment, or for nominating a person for appointment as a director, shall be treated as a motion for his appointment.


Reference

*Effective from 12.09.2013.


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