Sebi has asked the govt to amend the Companies Act to ensure that a director declared by it as a disqualified person should immediately vacate the position. The plea has been triggered by defaulter businessman Vijay Mallya's reluctance to do so. As of now, the office of a director becomes vacant if they are being disqualified by an order of court or tribunal.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2UkpV6v
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