Question

According to Section 167 of the Companies Act, 2013, the office of a director shall become vacant in which of the following circumstances? (

Q: Answer-According to Section 167 of the Companies Act, 2013, the office of a director shall become vacant in...

Section 167. Vacation of office of director 1 The office of a director shall become vacant in case a he incurs any of the disqualifications specified in section 164 b he absents himself from all the meetings of the Board of Directors held during a period of twelve months with or without seeking leave of absence of the Board c he acts in contravention of the provisions of section 184 relating to entering into contracts or arrangements in which he is directly or indirectly interested d he fails to disclose his interest in any contract or arrangement in which he is directly or indirectly interested, in contravention of the provisions of section 184 e he becomes disqualified by an order of a court or the Tribunal f he is convicted by a court of any offence, whether involving moral turpitude or otherwise and sentenced in respect thereof to imprisonment for not less than six months Note - Section 1671b specifies 12 months of absence, not 3 months.

I He incurs any of the disqualifications specified in Section 164. (I
I He fails to disclose his interest in any contract or arrangement in violation of Section 184. (II
I He absents himself from all the meetings of the Board of Directors held during a period of three months with or without seeking leave of absence of the Board.