02-01-2007, 02:25 AM
AOA Friends!
I have some queries in Company Law (Mod D).
1) What are underwriters?
2) What is underwriter contract?
3)
U/S 178 if number of persons contesting the election for the office of Director<b> exceeds </b> the number fixed by directors before the election, the directors of the company shall be elected by the members in prescribed procedure.
<b>if number of candidates and number of directors to elected equal</b>, then all candidates shall stand elected unopposed.
<u>Question</u>
How the remaining directors shall be elected if number of candidates constesting election is less than the number of directors to be elected?
Let me elaborate through example
Dirctors to be elected as fixed by directors= 10
candidates applied=8
how remaing two shall be selected?
Waiting for prompt response.
Regards!
I have some queries in Company Law (Mod D).
1) What are underwriters?
2) What is underwriter contract?
3)
U/S 178 if number of persons contesting the election for the office of Director<b> exceeds </b> the number fixed by directors before the election, the directors of the company shall be elected by the members in prescribed procedure.
<b>if number of candidates and number of directors to elected equal</b>, then all candidates shall stand elected unopposed.
<u>Question</u>
How the remaining directors shall be elected if number of candidates constesting election is less than the number of directors to be elected?
Let me elaborate through example
Dirctors to be elected as fixed by directors= 10
candidates applied=8
how remaing two shall be selected?
Waiting for prompt response.
Regards!
