Appointment Flashcards

1
Q

First CEO

A

By subscribers
Upto first AGM (or for shorter period)

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2
Q

Subsequent ceo

A

-By director
(Within 14 days of election)
-For 3 years (or for shorter period)

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3
Q

Casual vacancy

A

By directors
(Within 14 years of occurrence)

Till next elected director appoint new CEO

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4
Q

Rights of retiring CEO

A
  1. Eligible for reappointment
  2. Continues till successor is appointed
    Unless: Terminated or cause of non appointment of New CEO
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5
Q

Removal of CEO

A

By directors- 3/4th majority
By members- special resolution

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