Removal of Director is the legal process of terminating a director’s appointment from a company’s board in compliance with the Companies Act, 2013 and corporate governance rules.
Removal of Director is the legal process of terminating a director’s appointment from a company’s board in compliance with the Companies Act, 2013 and corporate governance rules.
Structure:
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Director is the person who is part of Board, who collectively runs the Company. Almost all the important decisions are taken by the Board of Directors. A Director can be Executive or Non-Executive or Independent etc. A Director can retire or resign from a company, he/she can be removed if he enters into any contracts or arrangements against the provisions or he/she incurs any of the disqualifications specified under the act.
Advisory: - The procedure for removing a Director from the Board of a company would depend on the existing Board of Directors. Our Experts will advise you on the procedure relevant for you.
Board Resolutions: - Once you obtain an understanding of the procedures involved in removing a Director from your Company, our Experts will draft the necessary Resolutions for the procedure.
Filing:- AOnce the Board Resolutions are passed, our Experts will prepare and file the necessary documents with the Ministry of Corporate Affairs to register the removal of Director.
