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What is the procedure for appointment of nominee directors?

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What is the procedure for appointment of nominee directors?
posted Jun 14, 2017 by Raghav Choudhary

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Subject to the articles of a company, the Board may appoint any person as a director nominated by any institution in pursuance of the provisions of any law for the time being in force or of any agreement or by the Central Government or the State Government by
virtue of its shareholding in a Government company.

In the case of a public company, if the office of any director appointed by the company in general meeting is vacated before his term of office expires in the normal course, the resulting casual vacancy may, in default of and subject to any regulations in the articles of the company, be filled by the Board of Directors at a meeting of the Board:

Provided that any person so appointed shall hold office only up to the date up to which the director in whose place he is appointed would have held office if it had not been vacated.

answer Jun 14, 2017 by Prachi
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