When a director of a private firm passes away..

Rohita (Querist) 07 March 2017 This query is : Resolved
When a one of the 3 directors die.. will his share and role as a director be transfered to his wife? If from the remaining two directors one accept her to be the director and the other doesn't accept..can she still be given as a director?

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Guest (Expert) 07 March 2017
Academic query.

By the way, what concern you have with the problem?

Adv. Yogen Kakade (Expert) 07 March 2017
What does the company memorandum says? There might be a provision mentioned about the deceased director while doing the formation.. otherwise follow companies act provisions.

Ms.Usha Kapoor (Expert) 08 March 2017
Normally the deed of Partnership provides such a contingency. If there is separate agreement and the deceased Director leaves a will bequeathing his directorship and assets to his wife she would be member director in her late husband's place and subject to same rights and liabilities as the other partners or her late husband was.

Dr J C Vashista (Expert) 09 March 2017
Good examination hall paper, solve it.

Ms.Usha Kapoor (Expert) 06 July 2018
I stick to my above view.

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