In section 151, the small shareholder director has a cooling off period of 3 years from the date of ' ceasing to hold office '. Does ceasing to hold office include cases of disqualification and vacation or only expiry of period to hold office?
Thank you.
Cesation of office can be by any mode
- Resignation
- Vacancy
- Disqualification
- Removal
Conclusion : Yes ceasing of office would include disqualification and vacancy
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