National Student Financial Aid Scheme Act, 1999
R 385
Companies Act, 1973 (Act No. 61 of 1973)Chapter VIII: DirectorsNumber and Appointment212. Filling of vacancy where director disqualified or removed |
| 1) | If the articles of a company provide for the filling of casual vacancies in respect of directors, any such vacancy created by the disqualification of any person from being a director of the company or by the removal of a director under this Act. may, subject to the provisions of such articles, and if in the case of any such removal, the vacancy is not filled at the meeting at which he is removed, be filled as a casual vacancy. |
| 2) | A person appointed as a director under subsection (1) in the place of a director removed or disqualified under this Act shall be treated, for the purpose of determining the time at which he or any other director is to retire, as if he had become director on the day on which the person in whose place he is appointed was last appointed a director. |
