Power of directors to continue company affairs when managing agents or officers vacate office, pending reinstatement or meeting decision. Section 298 originally empowered the Board to carry on or arrange for the carrying on of a company's affairs where the managing agent or the secretaries and treasurers were deemed vacated, suspended, removed or otherwise ceased to act, or where a temporary or permanent vacancy occurred, until those officers regained entitlement to act or until the company in general meeting resolved otherwise; the section was later omitted as redundant.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Power of directors to continue company affairs when managing agents or officers vacate office, pending reinstatement or meeting decision.
Section 298 originally empowered the Board to carry on or arrange for the carrying on of a company's affairs where the managing agent or the secretaries and treasurers were deemed vacated, suspended, removed or otherwise ceased to act, or where a temporary or permanent vacancy occurred, until those officers regained entitlement to act or until the company in general meeting resolved otherwise; the section was later omitted as redundant.
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