Compensation for Loss of Office | Section 202 | Companies Act, 2013 By Anand Gupta TaxGuru

Compensation for Loss of Office | Section 202 | Companies Act, 2013 There might be situations where a person is forced to retire from his office, not voluntary of course, then this section acts as a cushion and sword for him for compensation for his loss of such office. Accordingly, in this article we shall study about the provisions of Section 202 of the Companies Act, its applicability, timeline, quantum of loss that can be claimed and other frequently asked questions (FAQs).

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