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Dear SirSection 152(6) of companies Act reads as under:6) (a) Unless the articles provide for the retirement of all directors at every annual general meeting, not less than two-thirds of the total number of directors of a public company shall—
(i) be persons whose period of office is liable to determination by retirement of directors by rotation; and
(ii) save as otherwise expressly provided in this Act, be appointed by the company in general meeting.
(b) The remaining directors in the case of any such company shall, in default of, and subject to any regulations in the articles of the company, also be appointed by the company in general meeting.
(c) At the first annual general meeting of a public company held next after the date of the general meeting at which the first directors are appointed in accordance with clauses (a) and (b) and at every subsequent annual general meeting, one-third of such of the directors for the time being as are liable to retire by rotation, or if their number is neither three nor a multiple of three, then, the number nearest to one-third, shall retire from office.
(d) The directors to retire by rotation at every annual general meeting shall be those who have been longest in office since their last appointment, but as between persons who became directors on the same day, those who are to retire shall, in default of and subject to any agreement among themselves, be determined by lot.The above provision in the act is made by MCA for Section 8 companies after a long thought process. It is because Section 8 companies are "Not for Profit" companies and hence the accountability of the directors are not very severely considered, just like the accounts for FY 2019-20 is passed smoothly, though there were no approvals for lot many things. So in order to maintain the continuity of working and also the activities visible to all this retirement by rotation is there in the act.Yes, as stated in 6(a) as above the AoA can provide for 3 years term, But is it really required? It was due to the crisis created in IIISLA we had to go for a full CC election in 2018.Now think otherwise, not getting full year is only applicable to those 7 CC members who were determined by lot by Election officer ie:Mr.Sachin MulgeMr.Dulal Chandra DasMr.Manoj BhargawaVacancy created by Sad demise of Shri ElangoThe above CC members got only one year term and its because the entire CC got elected in one shot.The Second Lot:Mr.Rahul JadhavMr.Rajnish DesaiMr.A R RameshVacancy created by Sad demise of Shri D C S RajuThe above CC members are getting two years term and its because the entire CC got elected in one shot.The third Lot:Mr.Sreekumar S PillaiMr.Tanmoy SarkarMr.Vipin Kumar ShuklaMr.Ajay GirdharThe above CC members are getting three years term.Now by this month end four directors will be elected and inducted, they will automatically get three years and things will go on like that.Then why our President should worry about three years term? The actual worry is how to to get one more year or remain seated for the whole life? I hope now members should have got the clue for Co- option, AoA amendment etc. If he is so worried about IIISLA and his zeal to work for her let him retire in July 20 and come back to the council through election. Members will support or reject him depending on his performance.Respected members, save IIISLA from getting trapped in ChakravyuhaELect Team PositiveWe needNaishadh DesaiDulal Chandra DasManoj BhargawaThis is not an election campaign, rather it is a save IIISLA Campaign.With best regardsSreekumar S Pillai
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Dear Friends,We hereby PROMISETo give practical EOI/LAA solutions through H.O.RegardsManoj BhargavaAll India ContestantTEAM POSITIVEOn Fri, Jan 22, 2021 at 9:08 AM Sreekumar S.Pillai <sspill...@gmail.com> wrote:Respected MembersThis is what the kind of maturity our President has, now you may decideWE NEEDTEAM POSITIVEPLEASE VOTE FORNAISHADH DESAIDULAL CHANDRA DASMANOJ BHARGAWAwith best regardsSreekumar S Pillai
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"We are just a phone call/click away from you"
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"We are just a phone call/click away from you"
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"We are just a phone call/click away from you"
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Res. Jadhav sir,I fully agreed with you and your views, which definitely shows your efforts and try to make a wonderful shape of our IIISLA.Sir, I like to more and more, but it's not a time and comments upon your steps, wisely taken by yourself along with all office bearers.Sir, my urged with you, go ahead strongly as your nature shows.With humble regards!
Thanks & Regards.
Lalit M Dubey
(Surveyor & Loss Assessor)
Council Member- Rajasthan IIISLA
SLA /54403 & A/W/01441
Associate Member- IRDAI & IIISLA
( Mo: 9829149465)
JAIPUR (RAJ.)
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Respected MembersThis is what the kind of maturity our President has, now you may decideWE NEEDTEAM POSITIVEPLEASE VOTE FORNAISHADH DESAIDULAL CHANDRA DASMANOJ BHARGAWA
with best regardsSreekumar S Pillai
On Fri, 22 Jan 2021, 07:35 rahul jadhav, <rahul.ja...@gmail.com> wrote:
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InIn my opinion we need such winners who are graduate engineers preferably with legal background or bent and expertise in negotiating with buraecrats with positive results with full honesty to solve 😎current burning problems of this iisla body like Great stalwart Er 😂Rakesh agarwal of Lucknow and We p c Shukla. Regards to all. This is Er N.C..Mittal insuy surveyor Lucknow FIE. Former chairman instn of engineers IEI UP state.
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Kind Regards,