DEAR EXPERTS,
MY QUESTION IS CAN A DIRECTOR BE REMOVED FROM HIS OFFICE FOR NOT ATTENDING BOARD MEETINGS FOR OVER A YEAR????FOR INSTANCE THERE WERE AROUND 96 BOARD MEETINGS HELD AND HE MADE IT TO ONLY 3 BOARD MEETINGS- IS HE ELIGIBLE TO REMAIN IN OFFICE???
PLEASE SHARE YOUR THOUGHTS.
REGARDS,
TANVEER MD MASOOD
CALCUTTA
DEAR MR.DUBEY..
ARE YOU SURE OF YOUR REPLY?????
AS PER SEC.283 OF THE COMPANIES ACT,1956 , A DIRECTOR CAN BE REMOVED IF THE FOLLOWING CONDITIONDS ARE MET:
IF HE ABSENTS HIMSELF FOR 3 CONSECUTIVE BOARD MEETINGS , OR
FROM ALL BOARD MEETINGS SINCE THE INCOPRPORATION OF THE COMPANY, WHICHEVER IS LONGER
WITHOUT GIVING LEAVE OF ABSENCE TO THE BOARD,
THEN ONLY A DIRECTOR CAN BE RMOVED FROM OFFICE.
REGARDS,,
TANVEER MD MASOOD.
Under section 283 of the Companies Act, 1956 the office of a directo shall become vacant if he absents from threee consecutive Board Meetings or from all the meeting of the Board for a continuous period of three months, whichever is longer, without obtaining leave of absence.
CAclubindia
