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Question
Explain the following Term/Concept:
Casual vacancy of a Director.
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Solution
(1) Casual vacancy of a director may arise due to different reasons such as death, permanent or temporary disablement, sickness, and resignation, etc. of a director. The Board of directors has to fill up the casual vacancy by appointing additional or opted directors at the Board meeting.
(2) The appointment of additional or co-opted directors is valid only up to the time of the vacating director’s incomplete term.
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