Search results
Vacation of office of director. Effective from 01-04-2014. ( 1) The office of a shall become vacant in case—. ( a) he incurs any of the disqualifications specified in section 164; ( b) he absents himself from all the meetings of the held during a period of twelve months with or without seeking leave of absence of the Board; ( c) he acts in ...
Sep 5, 2014 · The Companies Act, 2013. Chapter-XI Appointment and Qualifications of Directors * Section 167: Vacation of office of director. 167. (1) The office of a director shall become vacant in case— (a) he incurs any of the disqualifications specified in section 164;
THE COMPANIES ACT, 2013 _____ ARRANGEMENT OF SECTIONS _____ CHAPTER I PRELIMINARY SECTIONS 1. Short title, extent, commencement and application. 2. Definitions. CHAPTER II INCORPORATION OF COMPANY AND MATTERS INCIDENTAL THERETO 3. Formation of company. 4. Memorandum. 5. Articles. 6. Act to override memorandum, articles, etc. 7. Incorporation of ...
Section 167 in The Companies Act, 2013. 167. Vacation of office of director.— (1) The office of a director shall become vacant in case— (a) he incurs any of the disqualifications specified in section 164;
Sep 6, 2023 · Amended and updated notes on section 167 of Companies Act 2013. Detail discussion on provisions and rules related to vacation of office of director. Chapter XI (Sections 149 – 172 ) of the Companies Act, 2013 (CA 2013) deals with the provisions related to appointment and qualifications of directors.
Sep 8, 2022 · Vacation of Office of Director. 167. (1) The office of a director shall become vacant in case—. 1 [Provided that where he incurs disqualification under sub-section (2) of section 164, the office of the director shall become vacant in all the companies, other than the company which is in default under that sub-section.]
The Companies Act, 2013. Chapter-XI Appointment and Qualifications of Directors. *Section 167: Vacation of office of director. 167. (1) The office of a director shall become vacant in case— (a) he incurs any of the disqualifications specified in section 164;
23 hours ago · Consequences of Non-Compliance with Section 184 of Companies Act, 2013. In case of non-compliance of Section 184, following punishment will apply-a.) Transaction will become voidable at the option of Company. b.) Concern director will vacate office u/s 167. c.) Concern director will pay a penalty of one lakh rupees (Rs. 1,00,000/-).
Oct 25, 2023 · One critical aspect of the Companies Act, 2013, is the provision in sub-section (1) of Section 167 of the Companies Act that applies to both public and private companies. This section delineates the scenarios under which a director’s office becomes vacant.
Aug 28, 2021 · Section 164(1) of the Companies Act, 2013 provides that, a person shall not be eligible for appointment as a director of a company, if: he is of unsound mind and stands so declared by a competent court;
