Election of chairman, Business Law and Ethics

ELECTION OF CHAIRMAN:

          S.134(d) provides that, unless the articles of a company contain a contrary provision, any member elected by the members present at a meeting may be chairman thereof.  In such a case, either those responsible for the convening of the meeting or some other member of it will nominate a proposed chairman.  There is no general rule which requires such a proposal to be supported by a seconder, but it is customary that it be formally seconded.  The proposal is then put to the meeting, and upon its being carried the nominee becomes the chairman of the meeting, deriving his authority from the consensus of those present.

Table A,Article 55 provides that the chairman, if any, of the board of directors shall preside as chairman at every general meeting of the company, or if there is no such chairman, fifteen minutes after the time appointed for the holding of the meeting or he is unwilling to act, the directors present shall elect one of their number to be chairman of the meeting.

Article 56 further provides that if at any meeting no director is willing to act as chairman or if no director is present within fifteen minutes after the time appointed for holding the meeting, the members currently shall choose one of their number to be chairman of the meeting.

Posted Date: 1/12/2013 5:42:54 AM | Location : United States







Related Discussions:- Election of chairman, Assignment Help, Ask Question on Election of chairman, Get Answer, Expert's Help, Election of chairman Discussions

Write discussion on Election of chairman
Your posts are moderated
Related Questions
Qualification Shares: S.183(1) provides that it shall be the duty of every director who is by the articles of the company required to hold a specified qualification, and who i

Misfeasance by the auditors: However it is not sufficient to describe that the frauds must have been detected whether the entries in the books had been put mutually in a way w

Question 1: (a) What is meant by: (i) Ratio Decidendi (ii) Obiter Dicta (iii) Legal Doctrine (b) Distinguish between Criminal Law and Civil Law.

Liability of Guarantor Therefore a guarantor's liability which does not arise until whether the principal debtor has made default, because notice of the default utilized not b

Removal of Directors: By s.185(1) a company may by ordinary resolution remove a director before the expiration of his period of office, but notwithstanding anything in the art

Implied powers rule: The courts would regard such things as impliedly within the company's powers unless they are "expressly prohibited" by the memorandum. The range of transa

Multiparty system and coalition We have already made conceptual excursion gaining impressions of the existence of multiple parties. Now, in this section we shall observe that h

Rule in Turquands case: This statement can be reduced to two propositions which constitute what is compositely known as "the rule in Turquand's case", namely:; i. A person

Determine the focal point for coordination The focal point for coordination is point C, which is the unique symmetrical Pareto efficient outcome. Compared to this outcome the N

Determine about the Principal-agent theories Wwhich concentrate especially on the problems of asymmetric information among the parties to a contract: the impossibility to perfe