Question
As per section 167 of the Companies Act, 2013, the
office of a director shall become vacant in which of the following cases? (a) Disqualified under section 164 (b) Disqualified by a Court or the Tribunal (c)Â Attaining age of 70 (d)Â Absents himself from more than 50%of Board MeetingsSolution
Section 167 lays down that the office of a director shall become vacant in case: a) Incurs any of the disqualifications specified in section 164; b)Â Absents 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) 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)Â Fails to disclose his/ her interest in any contract or arrangement in which is directly or indirectly interested e)Becomes disqualified by an order of a court or the Tribunal; f) 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 6 months; Provided that the office shall be vacated by the director even if he has filed an appeal against the order of such court; g)Â Is removed in pursuance of the provisions of this Act; h) Having been appointed a director by virtue of his/ her holding any office or other employment in the holding, subsidiary or associate company, ceases to hold such office or other employment in that company.
In some high-stakes corporate environments, a leader may exhibit extreme self-confidence, a grand vision, and a relentless drive for legacy, often at th...
Which type of leaders focus on the personal development of their team members, rather than just meeting work-related goals?
What was the major criticism of the Trait theory?
When decision making is easy in an organisation due to the existence of rules, standardised processes and procedures which are to be followed, What type...
What is the leader's function in the paternalistic leadership style?
What is the characteristic of an autocratic leader?
Which type of leaders focus on the personal development of their team members, rather than just meeting work-related goals?
- Mr. Madhav  is  the head of Marketing  in  ABC Ltd. He believes in navigating complex and rapidly changing environments with proactive  approach...
Which emerging leadership philosophy argues that leadership should not be concentrated in one heroic individual at the top, but should instead emerge fr...
Which task of a leader involves bringing together the efforts of different individuals to achieve a common goal?