Director Appointment In Casual Vacancy In Wake
Description
Form popularity
FAQ
Casual vacancy of the auditor due to Resignation: If casual vacancy is arising due to the resignation of auditor, it shall be filled within 30 days by the Board of directors, and the appointment made by the Board shall be approved in a general meeting convened within 3 months from the date of recommendation of the ...
Section 152(2) of the Act provides that Directors can only be appointed by the Company in a general meeting. Section 161(4) provides for filling up of a casual vacancy by the Board of Director.
As per Section 161(4),If the office of any director appointed by the company in general meeting is vacated before his term of office expires in the normal course, the resulting casual vacancy may be filled by the Board of Directors at a meeting of the Board, which shall be approved by members in the next general ...
Vacancies on a company's board of directors are considered "casual" when they occur due to unforeseen circumstances and result in a premature vacancy on the board such as resignation, death, loss of an ex officio position, incapacity, disqualification and removal.
In politics, a casual vacancy (casual in the sense of “by chance”) is a situation where a seat in a deliberative assembly becomes vacant during that assembly's term. Casual vacancies can occur through the death, resignation or disqualification of the sitting member, or for other reasons.
The novel is set in a suburban West Country town called Pagford and begins with the death of beloved parish councillor Barry Fairbrother. Consequently, a seat on the council is vacant and a conflict ensues before the election for his successor takes place.
Therefore even though the Act is silent on the time limit. In your case you have to appoint a Director in the casual vacancy created due to death of the Director, within 30 days to strictly complying with the law.
The company must appoint a director by passing a resolution in a general meeting. The company may pass a resolution to appoint a director in an Annual General Meeting (AGM).
The novel is set in a suburban West Country town called Pagford and begins with the death of beloved parish councillor Barry Fairbrother. Consequently, a seat on the council is vacant and a conflict ensues before the election for his successor takes place.
