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Home Acts & Rules Companies Law Acts Companies Act, 2013 Chapters List Part III MANAGEMENT OF PRODUCER COMPANY This
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Section 378Q - Vacation of office by directors - Companies Act, 2013

Extract

..... 1[Vacation of office by directors. 378Q. (1) The office of the director of a Producer Company shall become vacant if,- (a) he is convicted by a court of any offence involving moral turpitude and sentenced in respect thereof to imprisonment for not less than six months; (b) the Producer Company, in which he is a director, has made a default in repayment of any advances or loans taken from any company or institution or any other person and such default continues for ninety days; (c) he has made a .....

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Section 378Q - Vacation of office by directors - Companies Act, 2013

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