DEATH AND APPOINTMENT OF DIRECTOR
Sir,
If there are only two directors in a company and if one dies what are the alternatives available to the comany in this case if the board meeting is conveyed 5 months after the death of the director for appointment of new director. Does this five months amonuts to non compliance of companies act. If yes please advice with solution available
Delay in Appointing New Director Raises Compliance Concerns Under Companies Act After Director's Death A query was raised regarding the consequences and solutions for a company with only two directors when one director dies, and a board meeting to appoint a new director is held five months later. The concern is whether this delay constitutes non-compliance with the Companies Act. The response sought clarification on whether the issue was resolved and offered assistance in analyzing the situation if it remained unresolved. (AI Summary)
Corporate Laws / SEBI / LLP