Right of persons other than retiring directors to stand for directorship - Refund of deposit under section 160 of the Companies Act, 2013 in certain cases. https://www.taxtmi.com/circulars?id=53047 The Ministry clarifies that when a candidate for directorship in a not for profit company fails to obtain the prescribed voting threshold, the board of directors of that company shall decide whether the deposit made by or on behalf of that candidate is to be forfeited or refunded. en-us Tue, 14 Oct 2014 00:00:00 +0530 Thu, 16 Oct 2014 15:01:00 +0530 TaxTMI RSS Generator Right of persons other than retiring directors to stand for directorship - Refund of deposit under section 160 of the Companies Act, 2013 in certain cases. https://www.taxtmi.com/circulars?id=53047 The Ministry clarifies that when a candidate for directorship in a not for profit company fails to obtain the prescribed voting threshold, the board of directors of that company shall decide whether the deposit made by or on behalf of that candidate is to be forfeited or refunded. Circulars Companies Law Tue, 14 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53047