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    <title>1960 (12) TMI 41 - Supreme Court</title>
    <link>https://www.taxtmi.com/caselaws?id=97777</link>
    <description>Section 312 of the Companies Act, 1956 voids assignment of a director&#039;s existing office, not appointment of a successor to a vacant office. The term &quot;his office&quot; concerns an office already held, whereas appointment operates after a vacancy arises. Treating appointment as assignment would conflict with section 255, which permits director appointments otherwise than at a general meeting where the articles authorise them. The Act does not prohibit lawful succession under the articles. Accordingly, an articles-based appointment by will of a successor managing director after the incumbent&#039;s death remains valid and is not void under section 312.</description>
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    <pubDate>Fri, 16 Dec 1960 00:00:00 +0530</pubDate>
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      <title>1960 (12) TMI 41 - Supreme Court</title>
      <link>https://www.taxtmi.com/caselaws?id=97777</link>
      <description>Section 312 of the Companies Act, 1956 voids assignment of a director&#039;s existing office, not appointment of a successor to a vacant office. The term &quot;his office&quot; concerns an office already held, whereas appointment operates after a vacancy arises. Treating appointment as assignment would conflict with section 255, which permits director appointments otherwise than at a general meeting where the articles authorise them. The Act does not prohibit lawful succession under the articles. Accordingly, an articles-based appointment by will of a successor managing director after the incumbent&#039;s death remains valid and is not void under section 312.</description>
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      <pubDate>Fri, 16 Dec 1960 00:00:00 +0530</pubDate>
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