Section Text
1[ 264 . Consent of candidate for directorship to be filed with the company and consent to act as director to be filed with the Registrar
( 1 ) Every person2[other than a director retiring by rotation or otherwise or a person] who has left at the office of the company a notice under section 257 signifying hi s candidature for the office of a director) proposed as a candidate for the office of a director shall sign, and file with the company, hi s consent in writing to act as a director, if appointed.
3[( 2 ) A person other than-
(a) a director re-appointed after retirement by rotation or immediately on the expiry of hi s term of office, or
(b) an additional or alternate director or a person filling a casual vacancy in the office of a director under section 262 , appointed as a director or re-appointed as an additional or alternate director, immediately on the expiry of hi s term of office, or
(c) a person named as a director of the company under its articles as first registered,
shall not act as a director of the company unless he has within thirty days of hi s appointment signed and filed with the Registrar hi s consent in writing to act as such director.]
( 3 ) This section shall not apply to a private company unless it is a subsidiary of a public company.]
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1. Substituted by Act 65 of 1960, Section 89, for section 264 (w.e.f. 28-12-1960).
2. Substituted by Act 31 of 1965, Section 32, for "other than a person" (w.e.f. 15-10-1965).
3. Substituted by Act 31 of 1965, Section 33, for sub-section (2) (w.e.f. 15-10-1965).