02 November 2010
Can the Board of Directors remove an Additional Director before his regularization at the General Meeting of the Company????????
I understand that for removing a Director(including an additional Director) other than a Director appointed by the Central Government under section 408 of the Companies Act, 1956 one has to follow the procedure prescibed under section 284 of the Companies Act, 1956.......
The Board of Director has no power to remove a director including additional director.
A company may bu ordinary resolution, remove a director(not being director appointed by CG in pursuance of section 408) before the expiry of his period of office. (section 284).
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