Multiple choice

Casual vacancies in the board of directors are filled in by the _________.

  1. Board of Directors

  2. Promoters

  3. Underwriters

  4. Shareholders
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A Correct answer
Explanation

In the case of a public company, if the office of any director appointed by the company in general meeting is vacated before his term of office expires in the normal course, the resulting casual vacancy may, in default of and subject to any regulations in the articles of the company, be filled by the Board of Directors at a meeting of the Board.

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