06 July 2012
I WANT TO KNOW THAT IF IT IS SPECIFIED IN CLAUSE OF AOA THAT "ALL THE DIRECTORS OF PRIVATE COMPANY ARE PERMANENT & CANNOT BE REMOVED". THEN CAN WE REMOVE THE DIRECTOR OR NOT. IF YES WATS THE PROCEDURE. PLS TEL
06 July 2012
Dear Sir, the appointment or resignation in a private company is governed by its Articles of Association of the company. But articles should be in accordance with the Companies Act, 1956. Now in this case if majority of shareholders want to change in the Articles of Association of the company then it can be changed u/s. 31 of the company and a provision should be included and directors are removed according to the provisions of companies act, 1956.Thanks
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