Question
As per section 167 of the Companies Act, 2013, the
office of a director shall become vacant in which of the following cases? (a) Disqualified under section 164 (b) Disqualified by a Court or the Tribunal (c)Â Attaining age of 70 (d)Â Absents himself from more than 50%of Board MeetingsSolution
Section 167 lays down that the office of a director shall become vacant in case: a) Incurs any of the disqualifications specified in section 164; b)Â Absents 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; c) Acts in contravention of the provisions of section 184 relating to entering into contracts or arrangements in which he is directly or indirectly interested; d)Â Fails to disclose his/ her interest in any contract or arrangement in which is directly or indirectly interested e)Becomes disqualified by an order of a court or the Tribunal; f) Is convicted by a court of any offence, whether involving moral turpitude or otherwise and sentenced in respect thereof to imprisonment for not less than 6 months; Provided that the office shall be vacated by the director even if he has filed an appeal against the order of such court; g)Â Is removed in pursuance of the provisions of this Act; h) Having been appointed a director by virtue of his/ her holding any office or other employment in the holding, subsidiary or associate company, ceases to hold such office or other employment in that company.
Fill in the blank given below using the correct idiom.
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Obsession for wine
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During the winters the polar bear goes without food by nearly five to six months.
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Put simply, they have hot and cold too much to be treated as serious title contenders.
Select the most appropriate meaning of the given idiom.
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The agent did a _______________ on me and took away my hard-earned money. I should have been more careful.
Select the proverb that best matches the meaning of the given sentence.
Sentence: Success comes to those who prepare and act quickly.