In this ques no. 6 part a why nominee directors of finance limited considered in rotation limit? is finace limited formed under companies act?
Share
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
Nominee director can never be considered as rotational director. Please see attached image from study material.
Financial institutions are corporation so will be governed by Companies Act unless they have any special act. Like SBI.