Whether additional director ceases to hold office as such immediately before next annual general meeting - Words “up to” occurring in the first proviso - Interpretation of

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..... office as such immediately before next annual general meeting - Words up to occurring in the first proviso - Interpretation of The Department is advised that under section 260 as additional director appointed by the board of directors of a company ceases to hold office as additional director immediately before the commencement of the next annual general meeting of the company as contemplated .....

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..... y the board of directors to hold office just before the commencement of the next annual general meeting of the company. If it were intended that they should hold office until the conclusion of the next annual general meeting of the company (which generally takes place on the same day on which such meeting is convened and held), different languages would have been used by the Parliament in section .....

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