Dear Professional Coleagues,
As per Section 167 (1) (b) of CA, 2013, if Director absents himself from all the meetings of the Board of Directors held during a period of twelve months with or without seeking leave of absence of the board, the office of a director shall become vacant. BUT
If Director participates through video conferencing or other audio visual means, does it compliance of participation and need not to vacant the office?
i opine that it is compliance of provisions of the Act and not liable to vacant the office, am i right in my interpretation?
CAclubindia
