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प्रश्न
Explain the following Term/Concept:
Casual vacancy of a Director.
उत्तर
(1) Casual vacancy of a director may arise due to different reasons such as death, permanent or temporary disablement, sickness, and resignation, etc. of a director. The Board of directors has to fill up the casual vacancy by appointing additional or opted directors at the Board meeting.
(2) The appointment of additional or co-opted directors is valid only up to the time of the vacating director’s incomplete term.
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संबंधित प्रश्न
Select the correct answer from the options given below and rewrite the statement.
Managing Director is appointed for a period of ______ Years.
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_________ need not be a director of the company.
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The officer responsible for company’s finances
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Secretarial Standard
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The Board of Directors
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This KMP signs document of company requiring authentication by company.