Section 11 of The Bengal Bonded Warehouse Association Act, 1838
1* * * If any Director of the said Association shall cease to be a Director, otherwise than by the operation of the rule of rotation aforesaid, the Directors of the said Association shall, with all convenient speed after such public notice as is hereinafter directed, call an extraordinary general meeting of the proprietors for the purpose of choosing a successor and such successor shall come into the same place in the rotation aforesaid in which the Director whom he has succeeded was.
Summary
- This rule applies if a Director leaves for a reason other than the normal yearly rotation (such as death or resignation).
- The remaining Directors must call a special (extraordinary) meeting as fast as they can to choose a successor.
- They must give public notice before holding this special meeting.
- The new person elected takes the exact same place in the rotation schedule as the person they replaced.
Practical examples
FAQ
1. What happens if a Director dies or resigns early?
The Directors must call an extraordinary general meeting with all convenient speed to pick a successor.
2. Does the public get notified about these early elections?
Yes, the law requires public notice as directed in the Act before the meeting can happen.
3. Does a replacement Director start a fresh full term?
No, they come into the same place in the rotation that the person they replaced was in.
Test yourself
Q1.Under Section 11 of The Bengal Bonded Warehouse Association Act, 1838, what must the Directors do if a colleague leaves before their rotation?
Q2.According to Section 11 of The Bengal Bonded Warehouse Association Act, 1838, what is required before the special election meeting can take place?
Q3.Under Section 11 of The Bengal Bonded Warehouse Association Act, 1838, where does the newly elected successor fit in the board's rotation schedule?
Q4.Under Section 11 of The Bengal Bonded Warehouse Association Act, 1838, how fast must the Directors act when a vacancy occurs?