https://www.taxtmi.com/acts?id=37305 The amendment to section 243 bars a person declared not fit and proper under section 242(4A) from holding the office of director or any office connected with company management for five years, subject to Central Government permission with Tribunal leave to permit earlier re appointment; it also provides that such removed persons shall not be entitled to or paid any compensation for loss or termination of office, irrespective of this Act, other law, or contractual terms. en-us Fri, 02 Aug 2019 12:07:58 +0530 Fri, 02 Aug 2019 12:07:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37305 The amendment to section 243 bars a person declared not fit and proper under section 242(4A) from holding the office of director or any office connected with company management for five years, subject to Central Government permission with Tribunal leave to permit earlier re appointment; it also provides that such removed persons shall not be entitled to or paid any compensation for loss or termination of office, irrespective of this Act, other law, or contractual terms. Act-Rules F. Acts / Amendment Acts Fri, 02 Aug 2019 12:07:58 +0530 https://www.taxtmi.com/acts?id=37305