Managing director continuity upheld where director retires and is re elected in same meeting; government approval not required. Continuity of office is preserved where a managing director retires as a director under the statutory retirement provision and is re elected at the same meeting; the managing director's office does not suffer a break and previously granted government approval of the terms of appointment remains effective for the approved period, so fresh government approval is not required when re election occurs in the same meeting.
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.
Managing director continuity upheld where director retires and is re elected in same meeting; government approval not required.
Continuity of office is preserved where a managing director retires as a director under the statutory retirement provision and is re elected at the same meeting; the managing director's office does not suffer a break and previously granted government approval of the terms of appointment remains effective for the approved period, so fresh government approval is not required when re election occurs in the same meeting.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
