1) It leads to casual vacancy other than resignation. This can be filled by the board itself without the share holders approval.
2) I think there is no provision in the act for this case. By understanding the main spirit of the sec 233A, he cannot be appointed.
The answer of both will be "YES"
| Originally posted by : asdf | ||
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1) It leads to casual vacancy other than resignation. This can be filled by the board itself without the share holders approval. 2) I think there is no provision in the act for this case. By understanding the main spirit of the sec 233A, he cannot be appointed. |
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AGREED...
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