https://www.taxtmi.com/acts?id=12770 Central Government may, by order, remove any director or person concerned in a company's conduct and management based on a decision of the Tribunal. The removed person is disqualified from holding such office for five years unless earlier permitted with the Tribunal's concurrence, is not entitled to compensation for loss of office, and the company may appoint a replacement only with prior Central Government approval. en-us Mon, 16 May 2011 15:57:25 +0530 Mon, 16 May 2011 15:57:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12770 Central Government may, by order, remove any director or person concerned in a company's conduct and management based on a decision of the Tribunal. The removed person is disqualified from holding such office for five years unless earlier permitted with the Tribunal's concurrence, is not entitled to compensation for loss of office, and the company may appoint a replacement only with prior Central Government approval. Act-Rules Companies Law Mon, 16 May 2011 15:57:25 +0530 https://www.taxtmi.com/acts?id=12770