Termination of a director in pvt ltd co.,
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 April 2013
Dear sir / madam,
A pvt ltd company has 3 directors out of which 2 directors are shareholders of the company.
third director doesnot hold any shares nor involved in company matters.
can other 2 directors can terminate the third director by passing board resolution without receiving resignation letter from that director?
please clarify
A pvt ltd company has 3 directors out of which 2 directors are shareholders of the company.
third director doesnot hold any shares nor involved in company matters.
can other 2 directors can terminate the third director by passing board resolution without receiving resignation letter from that director?
please clarify
Ajay Mishra
(Expert)
08 April 2013
Hi
No, you can not terminate third director by only board resolution. You must comply the provision of section 284 of the Companies Act, 1956.
You also ensure your company's article about removal of director.
No, you can not terminate third director by only board resolution. You must comply the provision of section 284 of the Companies Act, 1956.
You also ensure your company's article about removal of director.
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