https://www.taxtmi.com/acts?id=15602 Vacation of office of director occurs upon prescribed disqualifications, prolonged absence from board meetings, contraventions or nondisclosure of interests in contracts, court or Tribunal disqualification, qualifying criminal conviction, statutory removal, or cessation of the office entitling appointment; continued exercise of duties despite vacancy attracts imprisonment or fine. If all directors vacate, the promoter or, failing him, the Central Government shall appoint interim directors until the company elects replacements. Private company articles may add grounds, and the provision excludes cases disposed by plea bargaining. en-us Wed, 21 Dec 2011 16:27:14 +0530 Wed, 21 Dec 2011 16:27:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15602 Vacation of office of director occurs upon prescribed disqualifications, prolonged absence from board meetings, contraventions or nondisclosure of interests in contracts, court or Tribunal disqualification, qualifying criminal conviction, statutory removal, or cessation of the office entitling appointment; continued exercise of duties despite vacancy attracts imprisonment or fine. If all directors vacate, the promoter or, failing him, the Central Government shall appoint interim directors until the company elects replacements. Private company articles may add grounds, and the provision excludes cases disposed by plea bargaining. Act-Rules Bills Wed, 21 Dec 2011 16:27:14 +0530 https://www.taxtmi.com/acts?id=15602