Sunday, August 14, 2016

Section 416 of Companies Act 2013

Section 416 of Companies Act 2013 :-

Resignation of Members.

The President, the Chairperson or any Member may, by notice in writing under his hand addressed to the Central Government, resign from his office:

Provided that the President, the Chairperson, or the Member shall continue to hold office until the expiry of three months from the date of receipt of such notice by the Central Government or until a person duly appointed as his successor enters upon his office or until the expiry of his term of office, whichever is earliest.

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

Section 416 Companies Act 1956 has been repealed.

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