Social Icons

Pages

What about vacancy of directors?

A vacancy created by the removal of a director if he had been appointed by the company in general meeting or by the board in on a casual vacancy, be filled by the appointment of another director in his stead by the meeting at which he is removed, provided special notice of the intended appointment has been given.

A director so appointed shall hold office until the date up to which his predecessor would have held office if he had not been removed as aforesaid.

If the vacancy is not filled, it may be filled as a causal vacancy in accordance with the provisions.

The above provisions of removal of a director shall not affect :-




a. Any compensation or damages payable to him in respect of the termination of his appointment as
director or of any appointment terminating with that as director

b. Any other power to remove a director which may exist apart from this provision.