Quick Summary
Casual Vacancy is filled by the board and the appointee holds office until the next AGM.
When a director dies, resigns, or is disqualified before their term ends, it creates a casual vacancy. The board can fill this vacancy, and the new director holds office until the next AGM.
Key Points
- Due to death/resignation/disqualification
- Filled by board
- Holds till next AGM
- Must be filled promptly
- Can be independent director