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    Casual Vacancy due to death

    Posted By : damini / Published on : 23-Oct-2019 02:25 PM / View : 470 / Comment : 0

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    Respected Member,

    Kindly give your valuable comments on the following query:

    ABC Limited, an unlisted public limited company not required to appoint KMP due to paid up capital below threshold limited. But appointed whole time director voluntarily. Now, the casual vacancy arise due to death of Whole Time Director.

    Queries:

    1. Board can fill casual vacancy in its meeting, then, can new director directly hold the position of Whole Time Director ? What will be his designation as he can be appointed as a director upto the term of old director.
    2. What will be situation in the Private Limited Company in which the director appointed is First Director? Because Board can fill casual vacancy of that director only who was appointed in General Meeting.
    3. What will be the term of director in Private Limited Company as there is no definite time period mentioned while appointing him and there is no retire by rotation?
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