Section 284(7) of Companies Act 1956.

This query is : Resolved

Bijoy Deka (Querist)
Follow

28 December 2009 Can any one explain me the meaning of the following Sub section 284(7) (Removal of Director) of Companies Act 1956.
(7) Nothing in this section shall be taken -
(a) as depriving a person removed there under of 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; or
(b) as derogating from any power to remove a director which may exist apart from this section.

Ankur Garg

Ankur Garg (Expert)
Follow

28 December 2009 It means if your director is eligible for compensation u/s 318 then he may go ahead and company may pay compensation.

However section 284(7) can not overrule section 318.

Read section 318 carefully to understand the connectivity of both the sections.

Regards

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

velichety.l.narasimharao

Akhila Ajayan

Amit Bagla

GIRISH K SATTI

Ravi

Subscribe Now

Section 284(7) of Companies Act 1956.

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

Accountant

Article Assistant

GST CONSULTANCY

CA Final

Manager- Finance and Compliance