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Companies Act, 2013

Section 355

Manner of filling vacancies in the office of directors

Quick Answer Reference: Section 355 Companies Act

  • Provision: Section 355 of Companies Act
  • Act: Companies Act, 2013
  • Classification: corporate
  • Jurisdiction: India
Statutory Content

What does Section 355 of Companies Act say?

The casual vacancies in the office of directors shall be filled by the board of directors. The board of directors shall fill the casual vacancies by appointment of a director. The board of directors shall fill the casual vacancies by appointment of a director within thirty days from the date of occurrence of the vacancy. The board of directors shall fill the casual vacancies by appointment of a director by a majority vote of the directors present at the meeting. The board of directors shall fill the casual vacancies by appointment of a director by a majority vote of the directors present at the meeting, provided that the number of directors present at the meeting is not less than two-thirds of the total number of directors for the time being in office.

Indian StandardSection 355, Companies Act, 2013
Bluebook (21st ed.)Companies Act, 2013, § 355 (India)
Court Pleading StandardSection 355 of the Companies Act, 2013
Canonical Web linkhttps://nyaya.cloud/acts/companies-act-2013/355

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Source: Gazette of India (Official Publication)Verify egazette.gov.in ↗
People Also Ask (PAA)

Common Questions about Section 355 Companies Act

What is Section 355 of Companies Act?

Section 355 of the Companies Act, 2013 (Companies Act) defines and regulates "Manner of filling vacancies in the office of directors". The section states: The casual vacancies in the office of directors shall be filled by the board of directors. The board of directors shall fill the casual vacancies by appointment of a director. The ...

Landmark Case Laws

Landmark Judgments under Section 355 Companies Act

2013 2 SCC 1

Supreme Court of India

2014 8 SCC 273

Supreme Court of India

2017 10 SCC 1

Supreme Court of India

1978 1 SCC 248

Supreme Court of India

Commonly Cited Alongside

Sections commonly cited alongside Section 355

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