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Question
Explain the following Term/Concept:
Alternate Director.
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Solution
(1) A director who may act in place of another is called the alternate director. He is appointed or nominated by the Board to act in the place of the existing director who is absent or sick and unable to attend his normal duties or office. The appointment of an alternate director cannot be less than 3 months.
(2) The Board of Directors of the company may appoint alternate directors in the place of an existing director who is going out of the state and Board meeting cannot be postponed till his arrival. His appointment is valid until the existing director return to the state.
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