Any company can remove its directors before the term expires and the power is with the shareholders. As per section 2(34) of the Companies Act, 2013, a director can be appointed to the company's board of directors. A Director can be either elected or appointed, who along with other directors are responsible to determine and implement the policies in the company.
To say, we all know that the shareholders have the power to remove a director. As per Section 169, Companies Act, the shareholders are in authority to remove a director with passing an ordinary resolution in a general meeting.
The director can be removed by ordinary resolution, before the end of his term, provided he is not holding office for life. Special notice of removal must be sent by the company to the concerned director. The director is allowed to be heard during the meeting of resolution.
The company must wait for his explanation. If there is no reply, special notice must be sent and, through the approval of the members, the director can be removed. File DIR-12 with the Registrar of Companies. And within about 15 days, the director will be removed.
We maintain a high level of data confidentiality and maintain 100% of adherence to our commitment. With our knowledge and experience, you can always trust us.
Book a free, one hour consultation for us to answer all of your questions!
© echo date(2019);?> - Venturesupport. All rights reserved.