Appointment Flashcards
1
Q
First CEO
A
By subscribers
Upto first AGM (or for shorter period)
2
Q
Subsequent ceo
A
-By director
(Within 14 days of election)
-For 3 years (or for shorter period)
3
Q
Casual vacancy
A
By directors
(Within 14 years of occurrence)
Till next elected director appoint new CEO
4
Q
Rights of retiring CEO
A
- Eligible for reappointment
- Continues till successor is appointed
Unless: Terminated or cause of non appointment of New CEO
5
Q
Removal of CEO
A
By directors- 3/4th majority
By members- special resolution