Go AD-Free with CAclubindia Pro and Daily WhatsApp Updates. Subscribe Now!

whole time directorship for NRI

08 July 2019

If a whole time director of a listed company moves out of India then can he will be a whole time director after moving too?

Reply
Follow
Share

1 Replies

Shubham Jain (52 Points)
Replied 08 July 2019

He can hold the office as whole time director

But Section 167(1)(b) states that office of a director will become vacant if he absent himself from all the meetings of the board of directors held during a period of twelve months with or without seeking leave of absence of the board.

If he attend the board meeting through video conferencing or other audio video means than it will be treated as he was present in meetings.

1 Like