Welcome to Filingpoint Benefits of Director Addition and Director Removal Expert +91 72999 72500
The Filingpoint company may remove a director by the board or shareholders, as per the articles of association and the provisions in the Companies Act. However, it has to follow a specific process to dismiss the director's name from the Ministry of Corporate Affairs (MCA). The steps in this process should be done with care and precision to avoid any legal consequences for the company.
If the company decides to remove a director, it has to notify the director in question of the decision by sending him or her an email or letter. The company should also give him or her a chance to be heard in the EGM and explain why he or she is being removed.
After the director has been given a chance to be heard, the shareholders will vote on whether or not to remove him or her from the position. The majority of votes are needed for the resolution to be passed. Once the resolution has been passed, the company can file Form DIR-12 to dismiss the director's name from MCA.
During this process, it's important to take into account the different opinions of the stakeholders involved in the matter. This includes the opinions of the directors and shareholders who will be voting on the resolution. It's also important to consider the impact of any changes on the company as a whole and how it will be affected by the removal of a particular director.
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