LAW SUBJECTS
Kerala university
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Summary
Board of Directors - Casual Vacancy
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---3November 20222020/2021
- 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.
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Class notes
Board of Directors - Director elected by Small Shareholders
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---5November 20222020/2021
- A listed company may have one director elected by the small shareholders. Small shareholder means a shareholder holding shares of nominal value of twenty thousand rupees or less in a public company
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Class notes
Company Law - Board of Directors
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---3November 20222020/2021
- A director of a company shall act in good faith in order to promote the objects of the company for the benefit of its members as a whole, and in the best interest of the company, its employees, the shareholders, the community and for the protection of environment.
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