Draft Notice Under Section 160 of Companies Act 2013

     

As per the provisions of Section 160 of the Companies Act, 2013 a person who is not a retiring director in terms of section 152 shall, subject to the provisions of this Act, be eligible for appointment to the office of a director at any general meeting, if he, or some member intending to propose him as a director, has, not less than fourteen days before the meeting, left at the registered office of the company, a notice in writing under his hand signifying his candidature as a director or, as the case may be, the intention of such member to propose him as a candidate for that office, along with the deposit of one lakh rupees or such higher amount as may be prescribed which shall be refunded to such person or, as the case may be, to the member, if the person proposed gets elected as a director or gets more than twenty-five per cent. of total valid votes cast either on show of hands or on poll on such resolution.

Draft Notice Under Section 160 of Companies Act 2013

To

The Board of Directors

____________________

                 Subject: Notice under Section 160 of the Companies Act, 2013.

Dear Sir,

I, ___________ S/o Shri ______________________ residing at ______________ _____________________ hereby proposes my candidature for appointment as a Director of M/s. ________  at the forthcoming Annual General Meeting of the Company.

I am enclosing herewith cheque no.___________ dated ___________ for Rs.1,00,000/- drawn on _______________________ Bank, being the deposit for proposing my candidature for the office of Director.

Thanking you,

Yours truly,

(Name and Signature)

DIN :

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