Vacation of office of director
This query is : Resolved
04 January 2016
Dear Ankit Sir,
If NED is absent form consecutively Two\ four Board Meeting during the year, then also he liable to vacant the office??
If NED is absent form consecutively Two\ four Board Meeting during the year, then also he liable to vacant the office??
04 January 2016
If he has not attended any meeting during the period of 12 calender months, then only he shall be liable to vacate the office.
04 January 2016
As per sub section b of section 167, if a director absents himself from all the meetings of the BOD held during a period of 12 months with or without seeking leave of absence of the Board, he is liable to vacate his office of Directorship.
On vacation of office of director, the company is required to file Form DIR – 12 to the Registrar of Companies.
If the office held by any director has become vacant on the ground of disqualification provided above and the concerned director continues to function, he shall be punishable with an imprisonment for 1 year and a fine from 1lakh to 5 lakh rupees.
other views are solicited.
On vacation of office of director, the company is required to file Form DIR – 12 to the Registrar of Companies.
If the office held by any director has become vacant on the ground of disqualification provided above and the concerned director continues to function, he shall be punishable with an imprisonment for 1 year and a fine from 1lakh to 5 lakh rupees.
other views are solicited.
15 January 2016
Thank you so much .......................................
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
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- TDS related Query_Liquidated Damages
- Soyabean hsn code and gst rate
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Long Term Service award taxability in hands of company
- Last year TDS Claim
- LTCG for Assmt year 26-27
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
