Can a Public limited company terminate Whole time director, who is under judicial custody (Jail)........what procedure applying..
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17848 Points)
Replied 26 February 2011
Vacation of Office under section 283
Jayashree S Iyer
(Company Secretary)
(3224 Points)
Replied 28 February 2011
Vacation of Office of Director occurs only when a director is convicted by a Court of any offence involving moral turpitude and sentenced in respect thereof to imprisonment for not less than six months.
However WTD in judicial custody can be removed by following the procedure specified in Section 284.
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