Board of Directors
Casual Vacancy
If the office of any director is vacated before the expiry of his
term, the Board of Directors may fill up the vacancy. A casual
vacancy may occur by reason of death, resignation, insolvency, or
failure to obtain qualification share or failure to accept the office.
The director so appointed will hold office till the end of the term of
directors in whose place he is appointed.
4. Appointment of Directors by Third Parties ( Nominee Directors)
The Articles of Association of a company may give right to debenture
holders, financial institutions or banking companies who have
advanced loan to the company to appoint their nominees to the
Board of directors.
The number of directors so appointed should not exceed one-third of
the total strength of the Board.
Disqualification of Directors
Casual Vacancy
If the office of any director is vacated before the expiry of his
term, the Board of Directors may fill up the vacancy. A casual
vacancy may occur by reason of death, resignation, insolvency, or
failure to obtain qualification share or failure to accept the office.
The director so appointed will hold office till the end of the term of
directors in whose place he is appointed.
4. Appointment of Directors by Third Parties ( Nominee Directors)
The Articles of Association of a company may give right to debenture
holders, financial institutions or banking companies who have
advanced loan to the company to appoint their nominees to the
Board of directors.
The number of directors so appointed should not exceed one-third of
the total strength of the Board.
Disqualification of Directors
