Removal of directors.284. (1) A company may, by ordinary resolution, remove a director (not being a director appointed by the Central Government in pursuance of ) before the expiry of his period of office :Provided that this sub-section shall not, in the case of a private company, authorise the removal of a director holding office for life on the 1st day of April, 1952, whether or not he is subject to retirement under an age limit by virtue of the articles or otherwise :Provided further that nothing contained in this sub-section shall apply where the company has availed itself of the option given to it under to appoint not less than two-thirds of the total number of directors according to the principle of proportional representation.(2) Special notice shall be required of any resolution to remove a director under this section, or to appoint somebody instead of a director so removed at the meeting at which he is removed.(3) On receipt of notice of a resolution to remove a director under this section, the company shall forthwith send a copy thereof to the director concerned, and the director (whether or not he is a member of the company) shall be entitled to be heard on the resolution at the .... To read the full section download the app from Google Play store
CAclubindia
