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Compensation for loss of office (Sec 318)

This query is : Resolved 
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(Querist)
25 September 2008 Under Sec 318, there is a prohibition on compensation paid to a Director when he resigns voluntarily. Kindly clarify the circumstance when a Director resigns voluntarily.
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
26 September 2008 For voluntary resignation it will be obviously any personal grounds!

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