Question

If there is any intermittent vacancy of an independent director then it shall be filled up by the board of directors within______from the date of such vacancy or not later than immediate next board meeting,________.

• A. 3 months; whichever is earlier
• B. 2 months; whichever is later
• C. 3 months; whichever is later
• D. 4 months; whichever is earlier

Answer 1

Answer: (C)

3 months; whichever is later

Any vacancy cause by way of resignation or removal from the board in the post of independent director shall be filled up not later than the immediate next Board meeting or three months from the date of such vacancy, whichever is later.