wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Who fills casual vacancy in the office of director?

A
Shareholders in the General Meeting
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Directors in the board meeting
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
Company law board
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Central Government
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is D Directors in the board meeting
Casual Vacancy is when a director’s office is vacated before the expiry of his tenure. These vacancies normally occur when
  • A director dies
  • A director resigns
  • A director is disqualified
  • A director becomes insolvent
The board of directors is empowered to fill the casual vacancy of public companies or private companies who are a subsidiary of public companies.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Maslow's Need
BUSINESS STUDIES
Watch in App
Join BYJU'S Learning Program
CrossIcon