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
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
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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- Loss of interest in PF transfer from EPFO to Trust
- Banking Related Issue
- IT returns for fresh job holders
- Grand in aid
- ASMT-10 received from A O
- Taxability of credit in canara bank ET & T section (NRO)
- Traces submitting correction statement error
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
