Loss of Office of Director-CA Final

This video contains the discussion of loss of office as contained in Section 202 of Companies Act, 2013 relevant for CA Final (May and Nov 2019 Exams)

[@himanshujain6059]

I studied from some other faculty but I was not taught "Prohibition in Winding Up". Thank you Sir for uploading so that I could study this.

[@himanshujain6059]

I enquired for your Pen Drive in Sept'18 & Oct'18 but it was not available. Had to take coaching from some other faculty. Have Finals in May 2019. Thanks for all videos you have uploaded on KZbin

[@CAAnkitOberoi]

Thanks a lot Himanshu! Good wishes for your exams! Go Ahead!

[@gauravpachori7379]

Dear Sir, You being active for the benefit for the students, it's a request to you to make a revision video for miscellaneous chapters of CA Final Law because we as a student focus more on directors and some others chapters but due which we do not give time on other chapters so, a proper and complete revision video for other chapters in a crisp manner will help us to perform better in this paper. Thank you in advance sir.

[@CAAnkitOberoi]

Thanks a lot for your valuable advice Gaurav. Although i have uploaded videos of the Allied topics like Producer Companies: kzbin.info/www/bejne/rZuwhZeHgcylg6s Dormant Companies:- kzbin.info/www/bejne/mGPEoKmNi91kadk Valuation and Valuers:- kzbin.info/www/bejne/qIDHl4KLbdWDgtU Penalties:- kzbin.info/www/bejne/ZqbCf5RsgN2Nq8k SEBI ICDR :-kzbin.info/www/bejne/aqeWgIOFiJd_fNE and Complete IBC, 2016 (Amended) and Compromise. Still, i will keep this thing in mind. Stay in Touch!

[@gauravpachori7379]

@@CAAnkitOberoi Thank you sir for replying and the best part is i have seen all these videos you have uploaded including section 161,185,188,189 and and section 206-229 Thank you sir for these videos.

[@madhurarora6086]

@@gauravpachori7379 hi.. can you answer my above query ?

[@annuseth9253]

Sir..ca company related legal matters mai bhi practice krte hai like to advice company about incorporation , other applicable laws etc??

[@madhurarora6086]

Sir, what about an individual who is a manager but not a director of the company.. Will he get any compensation if his services get terminated before the completion of his services..?? Isn't it contradictory..?

[@gauravpachori7379]

such compensation is "allowed to be paid" by the company under section 202 to the manager also if the company wants to pay or has made an agreement to pay.

[@madhurarora6086]

@@gauravpachori7379 but sir has specifically said that the manager needs to be the director also simultaneously.. It is also evident from reading of the provisions of the section because the word used everywhere is "director" only.. Will it not be unjustified with the manager who is only employee of the company and gets removed before his tenure gets completed and doesn't get any compensation under this act..? As per my view.. the manager who is employee only may get compensation on the basis of the terms of his employment contract with the company.. The formula for calculating the amount of compensation under this section shall not apply then.. Am I right..??