https://www.taxtmi.com/acts?id=17463 Section 167 prescribes grounds and consequences for vacation of office by a company director, including specified disqualifications, twelve months' absence from board meetings, entering into or failing to disclose interested contracts, court or Tribunal disqualification, qualifying criminal conviction, removal under the Act, and cessation of the qualifying office; it also delays vacancy while timely appeals are pending, penalises knowingly acting after vacancy, allows promoter or Central Government appointments if all directors vacate, and permits private companies to add grounds in their articles. en-us Sat, 02 Mar 2013 12:43:34 +0530 Tue, 09 Dec 2025 14:22:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17463 Section 167 prescribes grounds and consequences for vacation of office by a company director, including specified disqualifications, twelve months' absence from board meetings, entering into or failing to disclose interested contracts, court or Tribunal disqualification, qualifying criminal conviction, removal under the Act, and cessation of the qualifying office; it also delays vacancy while timely appeals are pending, penalises knowingly acting after vacancy, allows promoter or Central Government appointments if all directors vacate, and permits private companies to add grounds in their articles. Act-Rules Companies Law Sat, 02 Mar 2013 12:43:34 +0530 https://www.taxtmi.com/acts?id=17463