Office or place of profit - Prohibition against director holding ‑ Employee appointed before director becomes director and he became relative afterwards
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Office or place of profit prohibition: special resolution required when an employee becomes a director's relative. The amended provision covers only employees already in office before a person becomes a director; employees who were appointed before becoming related to a director, and employees appointed after the director became a director (a contingency not covered by the new subsection), require a special resolution under the general prohibition on holding an office or place of profit.
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.
Office or place of profit prohibition: special resolution required when an employee becomes a director's relative.
The amended provision covers only employees already in office before a person becomes a director; employees who were appointed before becoming related to a director, and employees appointed after the director became a director (a contingency not covered by the new subsection), require a special resolution under the general prohibition on holding an office or place of profit.
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