Whether vacation of office of director on account of not attending board meetings under Section 167(1)(b) has prospective or retrospective effect?
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The route to the Costa del Sol is well signposted when you leave Malaga Airport. Drive out of the airport terminal and follow sign to Cadiz, N340-E15.airport transfer in malaga There is a BP garage on your left and after 50 metres there is roundabout and the San Miguel Brewery. Take the second exit off and get into the right hand lane ready to take the slip road in 100m. Direction Torremolinos & Cadiz, N340.
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The said section is applicable from 1st April 2014. It means that if a director absents himself from all board meetings held during a period of twelve months w.e.f. April 1, 2014 with or without obtaining leave of absence, his office as director shall become vacant. Hence, vacation of office has prospective effect.