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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.
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.
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.
_____________________ 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.
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 :