Resignation of Director
This query is : Resolved
03 September 2010
1. If a director resigns before his tenure from his office in a copany,is his resignation treated as casual vacancy? or just termed as resignation?
2.Is it mentioned in the section 262 that only death or accidents or uncertain conditions are only treated as casual vaccancy or even a resignation before the tenure for any reason can be treated as casual...?
3. If a director resigns then the board can appoint directors as under section 262 or the board should appoint additional directors u/s 260????
can any one solve my query.........thanks
2.Is it mentioned in the section 262 that only death or accidents or uncertain conditions are only treated as casual vaccancy or even a resignation before the tenure for any reason can be treated as casual...?
3. If a director resigns then the board can appoint directors as under section 262 or the board should appoint additional directors u/s 260????
can any one solve my query.........thanks
Ankur Garg
(Expert)
03 September 2010
1. This is certainly a casual vacancy.
2. Yes resignation before the tenure for any reason should be treated as casual vacancy.
3. Yes you can appoint an additional director u/s 260 to fill the casual vacancy.
Revert if there is any doubt
1. This is certainly a casual vacancy.
2. Yes resignation before the tenure for any reason should be treated as casual vacancy.
3. Yes you can appoint an additional director u/s 260 to fill the casual vacancy.
Revert if there is any doubt
Ajay Mishra
(Expert)
03 September 2010
Dear Friend
If a person resigned from the post of director, before his term of office expire, in that case the company have two options either they opt to appoint director under section 260 or 262. Section 262 will apply to public company or subsidiary company.
Regards
If a person resigned from the post of director, before his term of office expire, in that case the company have two options either they opt to appoint director under section 260 or 262. Section 262 will apply to public company or subsidiary company.
Regards
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