In section 151, the small shareholder director has a cooling off period of 3 years from the date of ' ceasing to hold office '. Does ceasing to hold office include cases of disqualification and vacation or only expiry of period to hold office?
Thank you.
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Sec 151 of Companies Act,2013
Replies (2)
Quick Summary
Cesation of office can be by any mode
- Resignation
- Vacancy
- Disqualification
- Removal
Conclusion : Yes ceasing of office would include disqualification and vacancy
- Resignation
- Vacancy
- Disqualification
- Removal
Conclusion : Yes ceasing of office would include disqualification and vacancy
@ Hariom Viradiya Thank you.
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