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[Cites 0, Cited by 0] [Section 388E] [Entire Act]

Union of India - Subsection

Section 388E(4) in The Companies Act, 1956

(4)Notwithstanding anything contained in any other provision of this Act, or any other law or any contract, memorandum or articles, on the removal of a person from the office of a Director or, as the case may be, any other office connected with the conduct and management of the affairs of the company, that person shall not be entitled to, or be paid, any compensation for the loss or termination of office.