A Company has the power to removal of Director by passing an Ordinary Resolution, given the Director was not selected by the Central Government or the Tribunal.
A Board Meeting will be called by giving seven days’ notice to every one of the Director. A special notice will go to the Director Notifying them about the removal of the Director.
Upon the arrival of the Board Meeting, a determination for the holding of an unprecedented general gathering will be passed alongside the determination for the evacuation of the Director subject to the endorsement of the investors.
A general gathering will be held by giving 21 days clear notice. In the gathering, the individuals will be requested to vote on the issue. In the event that the greater part is agreeable to the choice, the determination will be passed.
Prior to the passing of the determination or resolution, a chance of being heard will be given to the executive.
After the passing of the determination or resolution, a similar methodology will be taken after, and the structures DIR – 11 and DIR – 12 will be documented alongside similar connections of the Board Resolution, Ordinary Resolution.
After the documenting of the structures, the name of the Director will be struck off from the Ministry of Corporate Affairs site.
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