Removal of a director

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Rabia Gupta (Querist)
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05 June 2015 A director in a newly incorporated nidhi company has been appointed. But he is not subscribing its shares. Is there any provision to remove him from the Company...???

Thanks in advance.

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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06 June 2015 A company may, remove a director under section 169 before the expiry of the
period of his office after giving him a reasonable opportunity of being heard after passing the ordinary resolution.

A special notice shall be required of any resolution, to remove a director under this section, or to appoint somebody in place of a director so removed, at the meeting at which he is removed.