Companies Act, 2013

Section 129

Vacation of office by managing director, whole-time director or manager

⚡ Quick Answer Reference: Section 129 Companies Act

Provision: Section 129 of Companies Act
Act: Companies Act, 2013
Classification: corporate
Jurisdiction: India

Statutory Content

What does Section 129 of Companies Act say?

A managing director, whole-time director or manager shall vacate his office if he incurs any of the disqualifications specified in section 164.

Indian StandardSection 129, Companies Act, 2013

Bluebook (21st ed.)Companies Act, 2013, § 129 (India)

Court Pleading StandardSection 129 of the Companies Act, 2013

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Source: Gazette of India (Official Publication)Verify egazette.gov.in ↗

Common Questions about Section 129 Companies Act

What is Section 129 of Companies Act?

Section 129 of the Companies Act, 2013 (Companies Act) defines and regulates "Vacation of office by managing director, whole-time director or manager". The section states: A managing director, whole-time director or manager shall vacate his office if he incurs any of the disqualifications specified in section 164....

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