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Standard XII
Business Studies
Maslow's Needs Hierarchy
Who fills cas...
Question
Who fills casual vacancy in the office of director?
A
Shareholders in the General Meeting
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B
Directors in the board meeting
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C
Company law board
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D
Central Government
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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.
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