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Cap. 168 · cap/168 (Cap. 168)

Cap. 168 Art. 124Casual vacancy.

PART V

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(1) A casual vacancy may be filled by the continuing director or directors, and, without prejudice to the aforesaid powers of the directors, it may be filled by the company in general meeting.

(2) A person appointed by the directors to fill a casual vacancy shall hold office until the next following annual general meeting and shall be eligible for re-election, but shall not be taken into account in determining the directors who are to retire by rotation at that meeting.

(3) A person appointed to fill a casual vacancy by the company in general meeting shall be treated, for the purpose of determining the time at which he or any other director is to retire, as if he had become director on the day on which the person in whose place he is appointed was last appointed director.