Section 274 CAMA 2020

Section 274 Companies and Allied Matters Act is about Casual vacancy. It is under Chapter 11 (Directors) of the Act.

(1) The Board of directors may appoint new directors to fill anycasual vacancy arising out of death, resignation, retirement or removal.

(2) Where a casual vacancy is filled by the directors, the person may be approved by the general meeting at the next annual general meeting, and if not so approved, he shall immediately cease to be a director.

(3) The directors may increase the number of directors if it does not exceed the maximum allowed by the articles, but the general meeting may increase or reduce the number of directors generally, and may determine in what rotation the directors shall retire, provided that such reduction shall not invalidate any prior act of the removed director.