Sunday, August 14, 2016

Section 415 of Companies Act 2013

Section 415 of Companies Act 2013 :-

Acting President and Chairperson of Tribunal or Appellate Tribunal.

1.     In the event of the occurrence of any vacancy in the office of the President or the Chairperson by reason of his death, resignation or otherwise, the senior-most Member shall act as the President or the Chairperson, as the case may be, until the date on which a new President or Chairperson appointed in accordance with the provisions of this Act to fill such vacancy enters upon his office.
2.     When the President or the Chairperson is unable to discharge his functions owing to absence, illness or any other cause, the senior-most Member shall discharge the functions of the President or the Chairperson, as the case may be, until the date on which the President or the Chairperson resumes his duties.

India's Important Case Laws and Landmark Judgments on Companies Act 2013.

Section 415 Companies Act 1956 has been repealed.

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