Paragraph 73 F1
England, Wales and Scotland
At the first annual general meeting all the directors shall retire from office, and at every subsequent annual general meeting one-third of the directors who are subject to retirement by rotation or, if their number is not three or a multiple of three, the number nearest to one-third shall retire from office; but, if there is only one director who is subject to retirement by rotation, he shall retire.
Annotations
Textual amendments
- F1
Sch. Table A regs. 73-75 cease to have effect (1.10.2007 but only so far as it relates to private companies limited by shares) by virtue of The Companies (Tables A to F) (Amendment) Regulations 2007 (S.I. 2007/2541), regs. 1, 13 (with reg. 8)